Indian telecos are working at a faster pace to provide latest services to their subscribers. In such competition, Videocon Telecom has announced its plan to bid for additional 2MHz spectrum in Punjab, Madhya Pradesh and Chhattisgarh circles which will open an option for the teleco to offer its 4G services in the Punjab circle.
Videocon Telecom, a subsidiary of Videocon Group, currently holds 4.4MHz spectrum in Punjab and 5MHz spectrum in Madhya Pradesh & Chhattisgarh telecom circles. The teleco is now set to bid for additional 2 MHz spectrum each for all the three circles which will enhance its subscriber base. On the successful bid, the teleco will also get an option to start its 4G services in Punjab using the narrowband FDD technology.
Commenting on the announcement, Arvind Bali, Director & CEO of Videocon Telecom, said;
“Telecom is a long term business and any investment in this sector has to be looked at from a long term perspective. We have been contemplating the need for additional spectrum in Punjab and MP/CG telecom circles since there is always a trade-off between deploying additional sites and acquiring additional spectrum. However, considering our growth plans, business projections and the fact that we want to give the best experience to our customers, we are planning to acquire additional spectrum for Punjab and MP/CG circles.”
The addition of 2MHz frequency will also create incremental capacity of Videocon Telecom double than its existing capacity given trunking efficiency. Besides, the new step will widen the customer market share and revenue market share.