New Delhi, Apr 18 (PTI) Sterlite Power on Monday said it has acquired a 64.98 per cent 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.

MTCIL (Maharashtra Transmission Communication Infrastructure Limited) operates a fibre network of 3,162 kms, serving telcos, ISPs (internet service providers) 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 kms of transmission lines across India and Brazil.

The company also manufactures high-performance power conductors, extra high voltage cables and optical ground wires.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)