Videocon Telecom inclines into smart city business with assistance from foreign players

By June 5th, 2015 AT 8:44 PM

Videocon Telecom seems to be in a plan to make smart cities their new revenue stream. The firm is desperately trying to form a joint venture with smart city solution providers from abroad, reports Economic Times (ET).

Videocon Telecom

The talks with three solution providers from US, Israel and Europe has bordered to its advanced stage that the company will soon finalize its foreign partner. “With assistance from the smart city players, Videocon intends to diversify widely into smart city business,” Director and Chief Executive Officer Arvind Bali said to ET.

The strategy of the yet-to-be formed joint venture is to participate in the upcoming Government tenders relating to smart city projects. Beyond telecom services, this joint venture will provide solutions such as smart parking, smart surveillance, smart home solutions, smart metering etc.

Modi Government has already confirmed its plan to develop more smart cities in India as an effort to reduce the existing burden on the current cities. More people from villages are flocking into the cities, making cities inept in providing necessary infrastructure.

Leave a Reply

Photo and Image Files
1 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
1 Comment authors
Kaushik Recent comment authors
newest oldest most voted

And I thought were planning to launch 4G on narrow band!

Recent Posts

Airtel Digital TV HD and SD Set-Top Box Prices Slashed by Up to Rs 200

Airtel Digital TV is leaving no stone unturned when it comes to adding new subscribers on board. The DTH arm...

How Much Will Tata Sky Subscribers Pay for Secondary Connections After Discontinued Multi-TV Policy?

The Telecom Regulatory Authority of India (Trai) had various adverse on the DTH and broadcasting industry through the introduction of...

Top 5 New Features on PUBG Mobile After Update 0.13.0 – Godzilla Theme, Team Deathmatch and More

On June 12, Tencent Games updated its most popular game, PUBG Mobile to the version 0.13.0 which brought many new...