Space World Group to raise funds for new fiber venture

Founder Ankit Goel said Mint In an exclusive interaction, the company will go public to raise funds in the next three to six months but has yet to decide on the route it will take and how much stake it intends to dilute. “We have started to evaluate this,” he said.

Passive digital infrastructure provider New fiber optic networks are being built covering Delhi, Chennai, Mumbai, Bengaluru, Hyderabad and Pune, where 80% of the country’s data usage comes from. In addition to connecting these data centers to each other through dedicated fiber optic networks, it also provides fiber optic connectivity to data centers in these cities.

“Besides building the metro access network, we are also building the long-distance (network) across the country. “The first stretch from Delhi to Mumbai is already connected and next year, 13 metros will have similar connectivity maps. ” he said. The joint venture, called Contl, aims to provide low-latency, high-speed data connectivity to customers, which are mainly data centers, hyperscalers, Internet service providers and mobile network operators, which is a niche market in which it plans to capture a disproportionate share.

“We are also building a platform called Digital Infrastructure as a Service (DIAS), which will provide businesses with plug-and-play capabilities to provide them with on-demand bandwidth through the platform. We still need 6-9 months to bring it to market,” Goel said.

The company also provides indoor digital infrastructure solutions, primarily indoor neutral optical fiber, which will enable telecom operators or users or Internet service providers to provide services directly to consumers in buildings or residential areas without laying their own network. The service called Ranext will generate revenue from ISPs.

Brookfield-sponsored Tower Infrastructure Trust (Tower InvIT) acquires Space World Group subsidiary Space Teleinfra Pvt Ltd in a landmark deal $9 billion, started in mid-2021 and completed earlier this year. The group owns a fiber-based infrastructure business. Space Telelink Ltd, Horizon Performance PU Pvt Ltd, Ranext Technologies Pvt Ltd, Space World Digital Solutions Pvt Ltd (Constl), Space World Data Centers Pvt Ltd are part of the group.