The telecom company Videocon has announced that it will invest Rs 340 crore in a year in order to increase the penetration of internet services in 6 to 7 circles. The roll out will start from Haryana, Gujarat and Madhya Pradesh and followed by other telecom circles. As per a report by PTI, Arvind Bali, Director and CEO, Videocon Telecom said, “We are an integrated telecom player, and we are expanding our footprint. Internet is the next big thing in India, and the opportunity is immense. We plan to invest over Rs 340 cr on this venture within next one year, and owing to our experience in Punjab.”
DoT has also given the internet service provider (ISP) licence to Videocon group firm Quadrant Televentures, which operates under the brand of ‘Connect Broadband’ in Punjab. This investment by the operator shall incorporate cost of ISP licence, cost of network deployment and the investments made in hot spots.
The telco has also said that its priority is to introduce services with its present GSM Mobility circles, which incorporate Haryana, Gujarat, MP including Chhattisgarh, and then move to Metros.