Bengaluru, 28 November 2018: ACT Fibernet (Atria Convergence Technologies Ltd.) India’s largest fiber-focused wired broadband ISP (Internet Service Provider), today announced its partnership with Bengaluru Tech Summit 2018 as their official ‘Fibernet Partners’. As part of the tie-up, ACT Fibernet will provide high-speed broadband connectivity at the event that will be held from 29th November to 1st December 2018 in Bengaluru.
Globally recognized as the IT capital of India, Bengaluru stands as the 4th largest technology cluster of the world. In this regard, the Bengaluru Tech Summit aims to showcase Bengaluru’s prowess in technology and innovation. The event will bring together more than 10,000 visitors and over 3500 delegates from across the globe. To ensure they are seamlessly connected on the digital platform. ACT Fibernet will be providing high-speed wi-fi connectivity backed with world class broadband experience. Additionally, ACT Fibernet will be setting up a stall where visitors will have the opportunity to personally try the futuristic Giga broadband service at the summit.
Speaking on the association, Sandeep Gupta, COO, ACT Fibernet said, “The Bengaluru Tech Summit is one the biggest tech events of India and we are thrilled to be a part of this grand event. It has always been our constant endeavor to support initiatives which helps place Bengaluru as the most progressive city of the country. We are committed to support the event by offering our best broadband services and we believe this will truly add value to the overall experience and success of the event.”
Commenting on the initiative, Mohanram PV, CEO, Bengaluru Tech Summit said, “ACT Fibernet is one of the most trusted internet service providers in the city and we are extremely pleased to have them as our internet partner. Bengaluru Tech Summit is a platform to appreciate technology and innovation. We are confident that with ACT Fibernet’s wi-fi connectivity we will deliver a positive and enthralling experience for all our participants and the attendees at the event.”
ACT Fibernet has always been on the forefront to leverage innovation and technology, as part of which ACT Fibernet recently partnered with the start-up cell of Government of Karnataka to aid the growth of the startup cell and to support Karnataka government’s startup initiative.
About ACT Fibernet
ACT Fibernet is India’s largest fiber-focused wired broadband ISP as on September 30, 2017 (in terms of number of fiber broadband internet subscribers from residential homes) (Source: India Broadband Market Overview – 2017 dated February 19, 2018, prepared by Media Partners Asia).
Headquartered in Bangalore, ACT Fibernet has operations in 15 Indian cities as on December 31, 2017 with approximately 1.28 million customers.
Atria Convergence Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a Draft Red Herring Prospectus dated March 24, 2018 with the Securities and Exchange Board of India (“SEBI”) on March 26, 2018. The Draft Red Herring Prospectus is available on the website of the SEBI and the websites of ICICI Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and HDFC Bank Limited.
Investors should note that investment in equity shares involves a high degree of risk and for details should refer to the Red Herring Prospectus which may be filed with the Registrar of Companies, Bengaluru in the future
Based on number of fiber broadband internet subscribers as on September 30, 2017 (Source: India Broadband Market Overview – 2017 dated February 19, 2018, prepared by Media Partners Asia).