Mumbai, Apr 29:
Internet service provider (ISP) Excitel is planning to invest USD 5 million (about Rs 38 crore) in the current year for expansion of its services in the financial capital Mumbai, a top company official said.
The company offering broadband services has entered Mumbai, taking its overall network to 29 cities and aims to replicate what it claimed as successful presence in Delhi, Hyderabad and Bengaluru.
It can be noted that the segment of wired broadband at home spaces has seen a slew of activity lately with the launch of bundled plans by deep pocketed Reliance Jio or Airtel who offer a bouquet which also includes streaming services like Netflix or Amazon Prime with a connection.
“We will be investing USD 5 million or Rs 38 crore this year in Mumbai,” Excitel’s Co-founder and chief executive Vivek Raina said.
The company plans to onboard subscribers in the suburbs of the city and also in the satellite city of Navi Mumbai, a statement said.
It is offering 400 mbps lines and the monthly charges for a connection start from Rs 423, it added. (PTI)
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