Rs 1,000-crore capex plan for Hathway Cable

The company launches broadband services in Chennai

Hathway Cable & Datacom, a fixed line broadband internet service provider, is planning to invest up to Rs 1,000 crore in the next three years to expand its presence in the broadband business, while targeting an addition of 1 million subscribers by the time. The company on Thursday announced the launch of its services in India with ultra-high-speed broadband technology.

“In the next three years, we are looking to add 1 million consumers across the country, with a capital expenditure (capex) of around Rs 800-1,000 crore,” said Rajan Gupta, managing director of Hathway Cable & Datacom. 

It also plans to add 500,000