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VIDEOCON TELECOM PLANS TO BID FOR 900MHZ SPECTRUM IN DELHI

     (The following press release from Videocon was received by e-mail. The 
sender verified the statement.) 
Press Release 
Videocon Telecom plans to participate in the upcoming Spectrum Auction,
plans to bid for the 900 Mhz license for Delhi 
~ Finds the sharp cut in reserve spectrum floor price for 900 Mhz to be very
attractive and is evaluating to bid for the 900 Mhz license for Delhi ~ 
~Talks about importance of Delhi Telecom circle in their strategic framework
~ 
~ Appoints top consulting firm Deloitte to formulate their business plan &
rollout strategy for Delhi~ 
Bangalore: October 8, 2013: Videocon Telecom, the telecommunication arm of
the $4 Billion Videocon Group, now seeks to re-establish itself as a
strategic national telecom player and is planning to bid in the upcoming
licence auction.  
Videocon Telecom has recently made a comeback into the Telecom industry and
has a strategic presence across the Northern corridor of the country forming
the Hindi speaking belt. The company has been making huge investments in the
business & has successfully rolled out 3 out of 6 license acquired in Nov'12
auction. The brand has almost doubled its Network presence in the four
operating circles including Punjab & is all set to rollout the remaining
three circles within the next 12 months. The brand is already among the Top
3 players in Net subscriber additions consecutively for last 3 months in its
operational circles 
Videocon Telecom finds the sharp cut in the reserve spectrum floor price for
the 900 Mhz spectrum to be very attractive and is seeing it as a big
opportunity. The brand is evaluating to bid for the 900 Mhz license in Delhi
in the upcoming Jan'14 auction . The brand has appointed Deloitte to
evaluate the opportunity & present a business case on the same. The success
of the bid will enable the brand in gaining foothold in one of the most
important locations in terms of strategic and potential importance to the
brand.  
Videocon Telecom is also seeing huge opportunity in the liberalized license
regime and talks about unleashing the data opportunity in the telecom circle
of Delhi NCR in a big way, where the 900 Mhz spectrum will be the most
efficient spectrum for a densely populated city like Delhi NCR. 
Mr. Arvind Bali, Director and CEO, Videocon Telecom says, "The sharp cut in
the floor price for 900 Mhz spectrum is very attractive, and particularly
for Delhi telecom circle it makes a very lucrative business case. Delhi
telecom circle is of an utmost importance to us, both  strategically and
potentially, and the fact the Delhi license will be available on 900 Mhz
spectrum completely fits in our strategic framework.900 Mhz is a much more
efficient spectrum and the fact that the liberalized license regime allows
you to offer next generation data service makes  it even more lucrative" 
Delhi is the hub of the Hindi speaking belt and northern corridor of the
country and significantly compliments to our strategic footprint in the
country. Delhi is the business hub and Capital of the country, and is the
world's
<http://en.wikipedia.org/wiki/List_of_urban_agglomerations_by_population_(United
_Nations)> second most populous city and the largest city in India in
terms of area." 
"All these factors make it a no brainer. We are keen to participate in the
upcoming auction and bid for the 900 Mhz license for Delhi, and we have
appointed one of the leading consulting firms Deloitte to evaluate and
present to us a Business Case for the same." He added. 
About Videocon Telecom 
Videocon Mobile Services, the next-generation GSM mobile service network was
launched by Rs. 25,000 crore Videocon Group.  The company has partnered with
global technology leaders to create a robust infrastructure featuring future
ready mobile technologies. Powered by the most advanced GSM-EDGE network,
Videocon Mobile Services aims to redefine the Indian mobile
telecommunications industry by leveraging a combination of the parent
company's strong brand recall and retail reach with a spirit of innovation
and customer centricity. Videocon endeavors to transform the life of every
Indian consumer by changing the very paradigm of the way he communicates. 
Videocon Mobile Services today symbolizes the market innovations and
customer offerings rooted in the demands and needs of the Indian consumer.
Videocon Mobile Services has notched up a subscriber base of over 9 million
subscribers within a year of operations, a testament to the brand's customer
focused strategy. The company has invested significantly in research and
development as well as in customer service to offer consumers innovative
products and a superlative experience.  
_____   
For Further Information, please contact: Percept Profile: 
Nehal @ 08971220587
 
 
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