Videocon Telecom, which recently sold its spectrum in Gujarat and UP (West) circles for `3310 crore plans will invest a part of the proceeds in Madhya Pradesh and Chhattisgarh circle.
By end of next financial year, the telco plans to invest `165 Cr in the circle on Network expansion and up-gradation including building data capacity and Business Development, a company press release stated.
The telco which currently has a coverage footprint with 4389 BTS in the circle, plans to deploy 900 more BTS from the pool of 2000 BTS of Gujarat and UPW circles, and expand its coverage across 424 new towns and villages in the circle, it stated.
As per the telco, there is ample and more space for Regional players in the market. For approx 95% of the customer, 95% of their usage happens in the Home Network, and it doesn’t make any difference to the customer whether or not their Service provider is a PAN India player. We anyway provide PAN India Roaming thru other partner operators, the telco added.
Further, Videocon Telecom which has 5Mhz of liberalized and contiguous in 1800 Mhz band, which is considered to be the best for 4G services, is in active discussion with other telco(s) to provide 4G data services in the circle thru spectrum sharing, the press release stated.
Arvind Bali, Director and CEO, Videocon Telecom said “We are here to stay, the sale of Gujarat and UPW spectrum doesn’t imply we are exiting Telecom business, instead it implies that now we have more resources to further invest in our business in other circles. MP and Chhattisgarh are big and very high potential circle and we will be going aggressive in the circle.