The company that had started off with 30,000 subscribers has now reached half a million broadband subscribers. Hyderabad accounts for 380,000 broadband subscribers.
“We will be able to add 200,000 subscribers in Hyderabad. Another 300,000 should come from Bangalore, Chennai and the other areas,” Malladi said.
ACT is expecting to double its revenue to Rs 1,000 crore (Rs 10 billion) in the next 18-24 months.
In the fiscal ended 31 March 2014, the company had posted a revenue of
Rs 500 crore (Rs 5 billion).
“We are confident of touching a revenue of Rs 1,000 crore (Rs 10 billion) within two years.
We have already touched a revenue of
Rs 650 crore (Rs 6.5 billion),” said Malladi.