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Videocon to start telecom services from Chennai

on June 18, 2008 – 8:26 amNo Comment

Consumer durables major Videocon Group, which has bagged national telecom licence through its subsidiary Datacom Ltd, would roll out the GSM services from Chennai on August 15 this year.

Unveiling the plans, Videocon Chairman Venugopal Dhoot said that GSM services would be first launched in Chennai on August 15, to be followed by other metros, Kerala and North India.

“The national rollout plan will be completed in 18 months,” Dhoot added. Datacom intends to build up a subscriber base of around 10 million in three-four years of launch.

Datacom had obtained licences for providing GSM services in 22 circles across the country.

Dhoot said telecommunications would be a focus area for Videocon Group in the coming years and the group would invest around Rs 6,000 crore in this business.

The group was also in talks with some companies based in the Middle-East to rope in a foreign partner for the telecom business.

He said that while the group had a strong cash balance, the foreign partner is also expected to bring in equity in the telecom venture.

via [Business Standard]

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