Efforts will be made to revive AP FiberNet, says Chairman

APSFL cable connections declined to 5L in 2024 from 10L in 2019; vigilance inquiry into irregularities underway & action will be taken against errant officials

- EXPRESS NEWS SERVICE @Vijayawada

AP FiberNet Limited (APSFL) was misused by the previous YSRCP government, bringing it to the brink of collapse through numerous irregularities, said the organisation's Chairman, GV Reddy.

Speaking to the media on Thursday, he assured that all efforts would be made to revive APSFL and put it back on the path of development.

Reddy revealed that a vigilance inquiry into the irregularities is underway and that action would be initiated based on its findings.

Sharing details of the alleged misuse, he stated that APSFL had 10 lakh cable connections in 2019, which declined to 5 lakh by 2024.

"This reflects the state of affairs during the YSRCP regime," he said, adding that APSFL is now burdened with a debt of ₹1,262 crore.

"The FiberNet programme provided internet connectivity to rural areas during the TDP regime from 2014 to 2019. However, in the subsequent five years, instead of increasing, the number of connections declined," he said.