Videocon plans Rs.14,000 crore investment in mobile service

Sunday, April 18, 2010

GANDHINAGAR - The Videocon group envisages investment of Rs.14,000 crore in its mobile services over the next three years and plans an investment of around Rs.1,000 crore for its 2.75G EDGE GSM venture in Gujarat.

This was announced by group chairman Venugopal Dhoot at the launch of Videocon’s GSM mobile services in Ahmedabad Sunday.

“We target to cover 100 percent of the urban population in the state and 50 percent of the rural population in subsequent months with a retail presence in 20,000 outlets in the state at launch and plans to cover 45,000 outlets over the next two months,” he said.

Two tariff plans were unveiled at the launch. Under the Rs.399 monthly recharge plans subscribers can make unlimited free local calls both on their own service and to other service providers networks while under the Rs.149 monthly recharge plan, subscribers can make one hour of local calls free every day.

“All the pricing plans are powered by a one paisa per call tariff on STD calls to any network across India,” he added.

Dhoot said that the company, which had set itself a target of a 100 million users over the next three years, had partnered with global telecom and IT industry majors like Nokia, Siemens, Cisco, IBM, Gemalto, Amdocs, Comverse, Comviva, Avaya, Wipro, Oracle, Unisys and Huawei.

Filed under: Economy

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