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STL CEO upbeat on the OFC industry

Ankit Agarwal, managing director of STL, in the earnings call emphasized that there are strong tailwinds of massive investment cycle. Network creators and Governments plan to invest heavily in digital infrastructure.

USA is expected to pass 9M households per year with fiber over the coming three years and reach 87 mn fiber connected homes. AT&T CapEx set to rise from $16.5 Bn to $20 Bn in 2022.

In Europe, Openreach plans to reach 25 Mn. homes by 2026, Netomnia plans 1 Mn. homes pass by 2023, Hyperoptic targets 3 Mn. homes by 2024 • CityFiber on track to reach 8 Mn. homes across UK by 2025 and Open Fiber targets to reach 24 Mn. Homes by 2031.

In India, Bharti Airtel plans to invest $15.0 Bn capex through 4 subsidiaries, aiming for 40 Mn. home broadband customers by 2025.

Data centres are also upbeat. Meta has allocated $31.5 Bn capex in 2022. Hyperscale capex in the last 4 quarters, has increased by 25% to over $ 150 bn.

For complete news – https://www.communicationstoday.co.in/earnings-call-q1-fy-23-stl/

CT Bureau

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