Sterlite Power on April 18 said it has acquired a 64.98 percent equity stake in Maharashtra Transmission Communication Infrastructure Limited. The company said in a statement that it has "acquired this equity stake from Sterlite Technologies Limited (STL)."

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Without sharing any further details, Sterlite Power said the acquisition is in line with its strategy to establish a strong optical ground wire (OPGW) fibre network in the country. Maharashtra Transmission Communication Infrastructure Limited (MTCIL) operates a fibre network of 3,162 km, serving telcos, internet service providers (ISPs) and data centres in Maharashtra.

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Pratik Agarwal, Managing Director, Sterlite Power, said, "OPGW fibre networks offer a reliable data delivery solution and help leverage the existing power utility infrastructure for telecommunications purposes. Such large-scale OPGW fibre roll out is essential to achieve the 'digital India' vision aimed at transforming the country into a digitally empowered society and knowledge economy."

Sterlite Power, a private sector transmission infrastructure developer and solutions provider, has a portfolio of 28 projects covering around 13,950 circuit km of transmission lines across India and Brazil. The company also manufactures high-performance power conductors, extra high voltage cables and optical ground wires.