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Atria Convergence Technologies Pvt. Ltd.
Company typePrivate Limited
IndustryTelecommunications
Founded2000; 24 years ago (2000)
FounderSunder Raju[1]
HeadquartersIndian Express Building, No.1, 2nd Floor, Queen's Road,
Bangalore, Karnataka
,
India[2]
Areas served
Karnataka, Andhra Pradesh, Telangana, Tamil Nadu and Delhi
Key people
  • Sunder Raju (MD)
  • Bala Malladi (CEO)[3]
ServicesFiber to the x, digital television, leased line
Revenue₹500 crore (US$60 million) (2013-14)
Owners
Number of employees
6,500[4] (2015)
Websitewww.actcorp.in

Atria Convergence Technologies Pvt. Ltd., branded as ACT, is an Indian telecommunications company headquartered in Bangalore, Karnataka. ACT offers fiber to the home services under the brand name "ACT Fibernet" and digital television services under the "ACT Digital" brand. The company provides services in Karnataka, Telangana, Andhra Pradesh, Delhi, and Tamil Nadu.[1]

ACT was the twelfth largest internet service provider in India as of March 2016.[5] As on 31 July 2016, ACT was the fourth largest wired broadband service provider in India with 1.05 million subscribers.[6]

History

Atria Convergence Technologies Pvt. Ltd. was founded in 2000 by Sunder Raju.[1] Private equity firm India Value Fund Advisors (IVFA) acquired a majority stake in the company in 2008.[7]

In 2009, the company acquired Beam Telecom Pvt. Ltd for an undisclosed sum.[8] Beam Telecom was founded by Brijesh Chandwani in 2004,[9] and offered broadband services in Hyderabad under the brand name Beam Fiber. ACT acquired an additional 20% stake in Beam Telecom in June 2014, raising its total stake in the company to 80%.[10] In July 2014, ACT rebranded its broadband service from ACT Broadband to ACT Fibernet.[11][12][13]

ACT continued to operate services in Hyderabad under the Beam Fiber name until 2015. On 16 February 2015, ACT announced that it was merging Beam Telecom Pvt. Ltd into itself, and would offer broadband services in Hyderabad under the ACT Fibernet name.[8] On the same day, ACT announced the launch of 100 mbps plans.[14]

Services

ACT Fibernet

ACT Fibernet provides fiber to the home services for consumers.

ACT Digital

ACT provides both standard-definition and high definition digital television services.

Enterprise

ACT provides fiber to the x and leased line services for enterprise customers.

See also

References

  1. ^ a b c "Overview". www.actcorp.in. Retrieved 27 October 2016.
  2. ^ "ACT Fibernet Office Address". www.actcorp.in. Retrieved 27 October 2016.
  3. ^ "Act Fibernet Management Team". www.actcorp.in. Retrieved 27 October 2016.
  4. ^ "YuppTV and ACT Fibernet Partner to Delight Their Hyderabad Users | Business Wire". www.businesswire.com. Retrieved 27 October 2016.
  5. ^ http://www.trai.gov.in/WriteReadData/PIRReport/Documents/Indicator_Report_05_August_2016.pdf
  6. ^ http://www.trai.gov.in/WriteReadData/PressRealease/Document/Press_Release_No.97_Eng_07_10_2016.pdf
  7. ^ KJ, Shashidhar (17 February 2015). "ACT Fibernet to roll out broadband services across India this year". MediaNama. Retrieved 27 October 2016.
  8. ^ a b Kalavalapalli, Yogendra (16 February 2015). "ACT targeting 1 million subscribers in 12 months". Livemint. Retrieved 27 October 2016.
  9. ^ "50K Ventures Launches In Hyderabad, Plans To Invest Under $156K In Idea & Early Stage Startups - Inc42 Media". inc42.com. Retrieved 27 October 2016.
  10. ^ KJ, Shashidhar (17 February 2015). "ACT Fibernet to roll out broadband services across India this year". MediaNama. Retrieved 27 October 2016.
  11. ^ "Atria plans to pump in Rs 500 crore, eyes 1 mn broadband subs". www.televisionpost.com. Retrieved 27 October 2016.
  12. ^ Mukherjee, Riddhi (30 July 2014). "Updated: ACT Broadband rebranded as ACT Fibernet; To invest Rs 500 Crore to double its base". MediaNama. Retrieved 27 October 2016.
  13. ^ "ACT Fibernet eyeing national broadband pie - The Economic Times". The Economic Times. Retrieved 27 October 2016.
  14. ^ Kanth, K. Rajani (16 February 2015). "Atria Convergence Technologies targets one million customer base". Business Standard India. Retrieved 27 October 2016.
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