M&A

M&A

Sterlite Power acquires 64% in fiber network co MTCIL from group firm

Economic Times  

Sterlite Power has acquired a 64.98% stake in Maharashtra Transmission Communication Infrastructure Limited (MTCIL) - a joint venture between publicly listed Sterlite Technologies Limited and Maharashtra State Electricity Transmission Company Limited (MSETCL). Sterlite Power has acquired this equity stake from Sterlite Technologies Limited (STL). MTCIL is a Public Private Partnership for OPGW (Optical Ground Wire) Fiber networks operating on a boom (build, own, operate and maintain) model. MTCIL operates a fiber network of 3,162 kms across 35 co-locations, serving telcos, ISPs and data centers, in the state of Maharashtra.