Swiss R&M banks on Jio Gigafiber, government-led initiatives

NEW DELHI: Switzerland-based optic fibre company Reichle & De-Massari AG (R&M) is banking on India’s Gigafiber and fibre-to-the home (FTTH) deployments, and said that the market consolidation is expected to fuel demand.

“The consolidation is going to push the fiber-to-the-home requirement for Reliance Jio and Gigafiber,” Peter Reichle, co-owner and member of the Board of Directors at Reichle Holdings (R&M) told ETT, and added that Jio has been one of the company’s large customers.

The Indian market has been witnessing consolidation with billionaire Mukesh Ambani-owned Reliance Industries Limited (RIL) taking a controlling stake in the cable TV providers DEN and Hathway.