Netplus Broadband Keeps Capex At Rs 300 Crore; Focus On Rural Expansion

Broadband service provider Netplus has earmarked Rs 300 crore capital expenditure for the current financial year.

Out of which most of the investment will be made in expanding the network in rural areas, a senior company official said.

Netplus Broadband and Fastway Group CEO Prem Ojha told PTI that besides laying its own optical fibre cable

This year most of the investment that we will do, out of the total outlay for capex of almost Rs 300 crore, 75-80 per cent will go into expansion.

the balance will be used to onboard new customers along with network operation and maintenance,” Ojha said.

He said in urban areas the expense of port to connect 3-4 homes comes to around Rs 10,000 with 4-5 operators in these geographies competing for the same set of customers.

However, incase of rural area the capital expenditure remains same but there is literally no competition and hence no churn.

The company claims to have services in 3,000 villages of Punjab and 400 cities across the country.