Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. Now arrested in connection with the ICICI Bank loan fraud case, Venugopal Dhoot during his heydays was not the one to simply sit on small achievements like Videocon becoming the largest television set manufacturer in India.
In the debate whether spectrum was over- priced or not, the focus seems to have shifted from Videocon's telecom gamble.
Company won spectrum in six circles in the 1,800 MHz band for Rs 2,221 cr in Nov; Nokia Siemens is technology partner for the rollout.
It plans to offer 4G data with voice at rates 15-25 per cent lower than those of its competitors just as it has done with its TV sets. Many say it might be a recipe for disaster.
To launch 4G long-term evolution services in 1,800 MHz band.
Consumer electronics major Videocon on Monday said it is in talks with foreign entities for a 26 per cent stake sale in its telecom subsidiary Videocon Telecommunications and that a deal would fructify "very soon".
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
The Supreme Court in February, 2012 had quashed 122 2G licences.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
The Delhi circle licence will be available in the efficient 900 MHz spectrum, which is why Videocon is interested.
Sensex rises, snapping two-session losing streak; banks, auto gain.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
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