Optical and digital solutions company Sterlite Technologies (STL) is witnessing a significant commitment and demand for fiber as customers across various markets, including India, prioritize network build-outs. With massive 5G infrastructure deployments taking place in India, Sterlite Tech Managing Director Ankit Agarwal expressed a positive outlook on the market prospects. The company expects rapid fiberisation and a substantial increase in 5G users from 50 million to 250 million in the coming years.
Agarwal stated, “We are excited with the progress we are making and are positive about mid-to-longer-term opportunities for our sector. In our conversations with customers, that commitment remains in terms of their network plans.” The strong focus on network expansion is evident at both the macro and micro levels, with telecommunications companies, internet service providers, and data center players continuing to prioritize 5G, Fiber-to-the-Home (FTTH), and enterprise solutions.
India is experiencing a wave of aggressive 5G rollouts as the market is expected to grow from 50 million to 250 million users in the next couple of years. This rapid growth of 5G presents significant opportunities for Sterlite Technologies. Additionally, there is ample room for expansion in fiber services for homes and enterprises. Agarwal emphasized that telecom operators view fiber as a strategic asset, indicating a sustained commitment to investment and growth in the sector.
The government’s robust focus on investing in fiber networks further drives the demand for Sterlite Technologies’ solutions. However, Agarwal acknowledged a global challenge of a shortage of trained manpower to deploy networks swiftly. Despite this hurdle, Sterlite Technologies remains optimistic about the prospects in the Indian market. Agarwal also noted that the company expects continued growth in the United States and Europe, as these regions offer substantial market opportunities, three to four times the size of the Indian market.
Maintaining a balanced portfolio across different geographies is crucial for Sterlite Technologies. Agarwal emphasized the importance of growth in the Indian market while recognizing the continued significance of the US and European markets. The company aims to capitalize on the favorable market conditions and customer commitment to expand its presence in multiple regions.
Sterlite Technologies’ focus on optical and digital solutions positions it as a key player in the evolving telecommunications landscape. With the increasing demand for fiber and the rollout of 5G networks, Sterlite Technologies is well-positioned to provide advanced infrastructure solutions to support the digital transformation of India and other global markets. As the telecommunications industry continues to evolve and expand, Sterlite Technologies remains committed to delivering innovative and reliable solutions to meet the growing connectivity needs of customers worldwide.
In conclusion, Sterlite Technologies is witnessing a strong demand for fiber as customers prioritize network build-outs, particularly in India where 5G infrastructure deployments are taking place on a massive scale. The company is optimistic about the Indian market’s prospects due to rapid fiberisation and the expected growth of 5G users. Additionally, Sterlite Technologies acknowledges the growth opportunities in the US and Europe. By maintaining a balanced portfolio and capitalizing on market demand, Sterlite Technologies is poised to contribute significantly to India’s digital growth and meet the evolving connectivity requirements of customers globally.
