Videocon mulling options to sell 49 percent stake in telecom entity

Videocon Group co-promoter Rajkumar Dhoot said that they are willing to to sell 49 percent stake in Videocon Telecom. He also said that they are even ready to give away management control if the company gets “good offer”, at 7th edition of Vibrant Gujarat Summit (VGS) in Gandhi Nagar.

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“If we are given good offer, we can give away 49 per cent stake in our mobile operating business. We are also ready to give them management control. We are also keen to participate in upcoming spectrum auction for 4G LTE.” said Dhoot, who is also a Rajya Sabha member.

Recently, the company said that it is upgrading its 2G network to 2.75 G EDGE (enhanced data for GSM evolution) with the help of Nokia Siemens Networks (NSN).

The company is upgrading its network in Punjab, Haryana, Madhya Pradesh, Chattisgarh and Gujarat with an investment of Rs 130 crore, to drive data uptake before it jumps to the 4G technology next year.

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4 Comments on "Videocon mulling options to sell 49 percent stake in telecom entity"

 

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abhijith
January 13, 2015 11:31 pm 11:31 PM

videocon is good company … but they lack in quality

[…] Also Read : Videocon mulling options to sell 49 percent stake in telecom entity […]

Abhishek
January 13, 2015 1:55 pm 1:55 PM

I think, Japan’s Soft bank telecom should buy their stake and try to control over their management completely. Cuz theres a talk between Telecom minister Ravi Shankar prasad and Softbank chairperson Mr.Son that they might expect to launch their telecom business here in India too but need the crystal clear telecom policy first, which is undoubtedly freaking out every investors mind.

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