A man speaks on a mobile phone as signage for digital payment services are displayed at a store selling electronics in Bengaluru. Photographer: Dhiraj Singh/Bloomberg

Sterlite Tech Aims For Headstart In 5G Race With Capex Plans Push

Sterlite Tech is prepping to get “5G ready” by expanding its optical fibre and fibre-cabling capacities.

“We believe as (our) current capex (capital expeniture) starts phasing out, 5G will move into trials in the current year,” Dr Anand Agarwal, group chief executive officer of Sterlite Technologies Ltd., told BloombergQuint. “Commercial capex deployment will start happening globally from 2020. We are preparing for that.”

He also said the expansion plans will be financed by internal accruals and marginal short-term borrowings.

Watch the full conversation here: