Videocon Industries’ telecom arm to invest Rs 340 crore on internet services

08 Jan 2015

In a bid to launch internet services across six-seven circles in the country, Videocon Telecom, a subsidiary of Videocon Industries, is all set to invest Rs 340 crore over the next one year. The company’s internet service provider (ISP) arm Connect Broadband has been awarded a Unified License - ISP (Category-A), which permits it to offer internet services all over the country.

The telecom company is planning to rollout the services starting with its existing GSM mobility circles, including Haryana, Gujarat and Madhya Pradesh (including Chhattisgarh). This will be followed by launch across the metros and Tier-I cities. The investment includes cost of ISP license, cost of network deployment and investment in hotspots among others, and plans to follow the aggressive data play strategy.

Videocon Industries, established two decades ago, is a global conglomerate. Videocon’s businesses consist of manufacturing, marketing and distribution of consumer electronics products and oil & gas extraction.

 

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