True North and TA Associates, who jointly own 94.66% of ACT Fibernet, are planning to sell the broadband provider for around $1 billion. This decision comes five years after a failed attempt to sell the company to Swiss private equity firm Partners Group. ACT Fibernet, which operates in more than 30 cities across India, has managed to maintain subscriber growth despite fierce competition from major players like Reliance Jio and Airtel. The company recorded net subscriber additions of 2.5% in FY25 and 3.3% in the first nine months of FY26, according to the Telecom Regulatory Authority of India. Although ACT’s market share slightly declined to 5.2% as of December 31, 2025, it continues to differentiate itself through high service quality and value-added offerings. The wired broadband segment in India is expected to grow at a compounded annual growth rate of 19% over the next few years, driven by increasing digital consumption and government initiatives. However, ACT must present a robust strategy to potential buyers to scale and monetize the business effectively in a competitive landscape.