Fibre broadband provider Atria Convergence Technologies Ltd (ACT Fibernet) has made a "major strategic investment" in telecom startup Aprecomm Private Limited.
This investment is aimed at ACT Fibernet’s ability to improve home Wi-Fi experience for its customers. The companies didn't share financial details of the transaction.
ACT Fibernet will integrate Aprecomm’s advanced technology into its Wi-Fi products roadmap. This will provide real-time network visibility into Wi-Fi performance and enable rapid, proactive resolution of last-mile connectivity challenges.
“In line with our strategy of providing the best in-home Wi-Fi experience to our customers, we are happy to announce a strategic investment in Aprecomm to further strengthen our experience proposition," ACT Fibernet CEO Bala Malladi said in a joint statement on May 31.
Aprecomm’s AI-based, self-optimising technology and advanced Wi-Fi analytics will allow ACT to continuously optimise network and significantly enhance customer experience, Malladi said.
“This investment will significantly enhance our mission to transform the internet landscape by revamping the quality of internet services for subscribers worldwide," Pramod Gummaraj, CEO of Aprecomm, said.
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