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Space World group to raise funds for new fibre ventures

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Space World group to raise funds for new fibre ventures

Space World group is planning to raise funds for its new ventures, Constl and Ranext, which focus on providing fibre connectivity between data centres and in-building plug-and-play fibre networks for internet service providers. The company is evaluating different options to raise funds, but the exact route and equity dilution have yet to be decided. Space World is building a greenfield fibre network in major Indian cities and aims to offer low-latency, high-speed data connectivity to data centres, hyperscalers, ISPs, and mobile network operators. Additionally, they are developing a platform called DIAS to offer bandwidth on-demand to enterprises. The group recently sold Space Teleinfra Pvt Ltd to Tower Infrastructure Trust for INR 900 crore.

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