Sterlite Technologies Limited, an end-to-end global technology leader in smarter digital networks, announced the addition of 15 million fibre km to its optical fibre cabling capacity, doubling it to 33 million fibre km. This expansion will place the Company among the top integrated optical fibre and cabling technology providers globally.

The Company’s Board of Directors has approved a Rs 320 crore ($44 million) capital expenditure for this expansion, which will be financed through a mix of internal accruals and debt. The enhanced capacity is expected to come on-line by June 2020 in a phased manner.

As leading global markets invest in deep fiberisation for hyper-scale network applications such as 5G, FTTx and data centre connectivity, this expansion will reinforce Sterlite Tech’s position as a leading provider of fibre and software-based smarter networking solutions.