Atria Convergence Technologies
{{Short description|Indian telecommunications company}}
{{Use Indian English|date=May 2020}}
{{Use dmy dates|date=October 2020}}
{{Infobox company
| name = Atria Convergence Technologies Limited
| logo = Atria Convergence Technologies logo.svg
| type = Private
| industry = Telecommunications
| founded = {{Start date and age|df=yes|2000}}
| hq_location = Indian Express Building, No.1, 2nd Floor, Queen's Road
| hq_location_city = Bengaluru, Karnataka
| hq_location_country = India{{cite web|title=ACT Fibernet Office Address|url=https://www.actcorp.in/offices|website=www.actcorp.in|access-date=27 October 2016}}
| areas_served = Major metro cities and some towns.
| key_people = {{Unbulleted list|Sunder Raju {{Small|(MD)}}|Bala Malladi {{Small|(CEO)}}{{cite web|title=Act Fibernet Management Team|url=https://www.actcorp.in/about-act/management-team|website=www.actcorp.in|access-date=27 October 2016}}}}
| services = {{Unbulleted list|FTTH|Internet service provider|Digital television|Leased line}}
| revenue = {{INRConvert|2000|c|lk=on}}
| revenue_year = 2017{{ndash}}18
| owners = {{Unbulleted list|India Value Fund Advisors|TA Associates}}
| num_employees_year = 2018
| website = {{URL|https://www.actcorp.in/|actcorp.in}}
}}
Atria Convergence Technologies Limited, branded as ACT, is an Indian telecommunications company headquartered in Bengaluru, Karnataka, India. ACT offers fibre to the home (FTTH) services under the brand name "ACT Fibernet" and digital television services under the "ACT Digital" brand. The company provides services in Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Delhi, Gujarat, Rajasthan and Uttar Pradesh.
ACT was the fifth largest internet service provider in India as of January 2021. As on 31 March 2022, ACT was the fourth largest wired broadband service provider in India with over 20 lakh (2 million) subscribers.
History
Atria Convergence Technologies Limited was founded in 2000 by Sunder Raju in Bengaluru.{{cite web|title=Overview|url=https://www.actcorp.in/about-act|website=www.actcorp.in|access-date=27 October 2016}} Private equity firm India Value Fund Advisors (IVFA) acquired a majority stake in the company in 2008.{{cite web|last1=KJ|first1=Shashidhar|title=ACT Fibernet to roll out broadband services across India this year|url=http://www.medianama.com/2015/02/223-act-fibernet-to-roll-out-broadband-services-across-india-this-year/|website=MediaNama|access-date=27 October 2016|date=17 February 2015}}
In 2009, the company acquired Beam Telecom Pvt. Ltd for an undisclosed sum. Beam Telecom was founded by Brijesh Chandwani in 2004,{{cite web|title=50K Ventures Launches in Hyderabad and Bengaluru, Plans To Invest Under $156K in Idea & Early Stage Startups - Inc42 Media|url=https://inc42.com/buzz/50k-ventures-launches-in-hyderabad/|website=inc42.com|access-date=27 October 2016}} 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%. In July 2014, ACT rebranded its broadband service from ACT Broadband to ACT Fibernet.{{cite web|title=Atria plans to pump in Rs 500 crore, eyes 1 mn broadband subs|url=http://www.televisionpost.com/cable/atria-plans-to-pump-in-rs-500-crore-eyes-1-mn-broadband-subs/|website=www.televisionpost.com|access-date=27 October 2016|archive-url=https://web.archive.org/web/20161028022915/http://www.televisionpost.com/cable/atria-plans-to-pump-in-rs-500-crore-eyes-1-mn-broadband-subs/|archive-date=28 October 2016|url-status=dead}}{{cite web|last1=Mukherjee|first1=Riddhi|title=Updated: ACT Broadband rebranded as ACT Fibernet; To invest Rs 500 Crore to double its base|url=http://www.medianama.com/2014/07/223-act-fibernet-rebranding-500-crore-investment/|website=MediaNama|access-date=27 October 2016|date=30 July 2014}}{{cite news|title=ACT Fibernet eyeing national broadband pie - The Economic Times|url=http://economictimes.indiatimes.com/tech/ites/act-fibernet-eyeing-national-broadband-pie/articleshow/46265351.cms|newspaper=The Economic Times|access-date=27 October 2016|last1=Ganguly|first1=Payal}}
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 wire-line optical fibre broadband services in Hyderabad under the ACT Fibernet name.{{cite web|last1=Kalavalapalli|first1=Yogendra|title=ACT targeting 1 million subscribers in 12 months|url=http://www.livemint.com/Companies/Xugpq0EZ2jitiNFtZf9SBN/ACT-targeting-1-million-subscribers-in-12-months.html|website=Livemint|access-date=27 October 2016|date=16 February 2015}} On the same day, ACT announced the launch of 100 Mbit/s plans.{{cite news|last1=Kanth|first1=K. Rajani|title=Atria Convergence Technologies targets one million customer base|url=http://www.business-standard.com/article/companies/atria-convergence-technologies-targets-one-million-customer-base-115021601062_1.html|newspaper=Business Standard India|access-date=27 October 2016|date=16 February 2015}}
Expansion plans
On 22 July 2016, ACT made its presence in the capital city of Delhi, with the launch of four plans and highest speed of 100 Mbps.
On 30 March 2017, ACT launched 1 Gbit/s wired broadband plans in Hyderabad, becoming the first ISP in India to offer practically gigabit speeds.{{Cite web|url=https://www.mobilescout.com/tech/news/n92909/ACT-Fibernet-first-ISP-Gigabit-broadband-India.html|title = ACT Fibernet becomes the first ISP for providing Gigabit broadband service in India}} It also announced plans to introduce the gigabit speed to other cities.{{cite web|title=ACT Fibernet launches 1Gbps broadband service|url=http://telecom.economictimes.indiatimes.com/news/act-fibernet-launches-1gbps-broadband-service-with-1-tb-data-usage-in-hyderabad-plans-to-launch-in-10-more-cities/57914225|website=The Economic Times|access-date=30 March 2017}} By July, the company was in talks with other ISP providers to increase its presence in the country, while also installing 1,000 WiFi hotspots in Hyderabad as part of the 'City WiFi Project'.{{cite web|title=ACT Fibernet eyes acquisition to grow presence in India|url=http://telecom.economictimes.indiatimes.com/news/act-fibernet-eyes-acquisition-to-grow-presence-in-india/59684635|website=The Economic Times|access-date=22 July 2017}}
ACT Fibernet expanded its presence by launching services in Madurai in September 2018{{Cite news|url=https://www.thehindubusinessline.com/news/national/act-fibernet-starts-madurai-operations/article24924606.ece|title=ACT Fibernet starts Madurai operations|work=@businessline|access-date=2018-11-27|language=en}} and Warangal in October 2018.
In 2019, ACT expanded its services to Jaipur, Lucknow and Ahmedabad.
References
{{Reflist|30em}}
External links
- [https://www.actcorp.in Official website]
{{Telecommunication companies of India}}
Category:Internet service providers of India
Category:Telecommunications companies of India
Category:Companies based in Bengaluru
Category:Indian companies established in 2000