Saturday, June 14, 2008
Videocon to roll out telecom services from Chennai on Aug 15
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.
Subscribe to:
Post Comments (Atom)
News Flash from IndiaEarnings
 |
Saraswat Bk seeks RBI nod to acquire ailing South Ind Co Bk |
|
Telekom Malaysia to pick up addl 15% stake in Idea: Srcs |
|
Hind Rectifiers brd meet on June 24 to consider bonus issue |
|
Inflation will touch double digit mark next week: I-Sec |
|
NY Times in talks to buy 5% stake in Deccan Chron Arm |
|
Inflation for wk ended Apr5 revised to 7.71% vs 7.14%earlier |
|
Inflation for week ended May 31 at 8.75% vs 8.24% |
|
Indian economy won't be as badly hit as the global eco:DCB |
|
Over a period of time mkt may drift down to 4060 :Atul Suri |
|
Shriram Cap likely seller in Shriram City Un Fin block deal |
|
Shriram City Union Fin changes 12.2% Eq via block deal |
|
No big rally in mkt till oil pices cool off: Lehman Bros |
|
BoJ keeps key interest rate unchanged at 0.5% |
|
J&K Bank raises Prime Lending Rates by 100 bps to 14% |
|
L&T aays plan to list IT sdubsidiary in FY09 |
|
IFCI okays initiation of legal process to align LIC stk |
|
Rupee opens at 42.82/USD vs 42.84/USD on Thursday |
|
Karnataka Bank board approves 1:5 rights issue at Rs 100/sh |
|
45.37 lakh Suzlon shr change hands on BSE at Rs 250.95/sh |
|
Oil India plans to launch IPO by Sep: NW18 |
|
ABG Shipyard bags order worth Rs 127 Cr |
|
Nutrient base pricing is good for industry:RCF |
|
FM says avg prc of complex fert to decline by Rs 1416/t |
|
Deccan Chronicle likely to place Sieger Eq at EV of USD750 m |
|
BNP Paribas see 25 bps CRR hike before RBI July policy |
| Disclaimer | |
No comments:
Post a Comment