Videocon bids for 3G airwaves; eyes overseas partners

Videocon bids for 3G airwaves; eyes overseas partners
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First Published: Fri, Mar 19 2010. 10 24 AM IST
Updated: Fri, Mar 19 2010. 10 24 AM IST
Mumbai: Videocon Industries Ltd has placed a bid for third-generation (3G) mobile spectrum in India, coming up in April for auction, a top official said on Friday.
“We have already placed a bid for 3G spectrum, except Mumbai and Delhi...,” chairman Venugopal N Dhoot told Reuters over the phone.
The company, which already has second-generation (2G) radio wave licences, is also looking at roping in foreign partners for its 3G fray, he said.
The firm is in talks with European and US companies for partnering its 3G operations in the country. Dhoot, however, declined to name the companies.
It intends to roll out the services through Videocon Industries. Telecoms firms including Bharti Airtel, Vodafone and Etisalat DB India Telecom, a unit of UAE-based Emirates Telecommunication Corporation will vye for third-generation (3G), as they clamour for capacity for new services. At 10.39am, shares of Videocon Industries were up 0.37% at Rs228.6 a share in a firm Mumbai market.
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First Published: Fri, Mar 19 2010. 10 24 AM IST