ACT Fibernet Posts 10.2% Increase in Net Profit During FY18 As mentioned above, ACT Fibernet’s net profit during FY18 stood at Rs 201.2 crore compared to Rs 182.57 crore in FY17. Going by the report, the Profit before interest, lease, depreciation, and tax (PBILDT) of the broadband operator increased by 5.32% to Rs 531.9 crore as opposed to Rs 503.6 crore in FY17. The overall revenue of ACT Fibernet stood at Rs 1,298 crore at the end of FY18 which is an increase of 12.93% from Rs 1149.3 crore. Since the start of 2019, ACT Fibernet has been aggressively expanding its operations across the country. Last month, it launched services in Lucknow and Jaipur; Overall, ACT Fibernet is providing services in 16 cities across the country and it’s even looking to expand operations in North India as well. With the threat of Reliance Jio GigaFiber looming around, ACT Fibernet is looking to offer better services to its existing users. As part of the same, it has partnered with several content providers with the most recent one being Netflix. ACT Fibernet subscribers choosing long-term plans will be eligible to get a discount of up to Rs 350 on their monthly Netflix subscription bill. ACT Fibernet is currently taking users interest on the ACT Stream TV 4K. If you’re interested in testing the device, head over to ACT Fibernet’s website and click the ACT Stream TV tab to register your interest, post which the company will get in touch with you to hand over the device. ACT also stated that it would bundle the ACT Stream TV 4K device with some of its broadband plans in the future.
