Talks of new entrants in the telecom industry were making rounds till date, but this one has made it through. It is Videocon Industries that has confirmed its entry into the GSM market. The latest update makes the earlier report of CDMA operations futile. Anyways, here are the highlights of the plan.
- Plans to roll out services in May 2008
- Plans to invest Rs. 6,000 crores for the project
- Aiming at 4 crore users in 5 years
- Advantage of starting off services in all 23 circles of India
- Subsidiary of Videocon named Datacom Solutions would be the managing entity
The plan is dependant on spectrum allocation, which according to the company is available with the authorities, and if all goes well the operations would roll out in May. In case of any discrepancies, the company plans to lease spectrum till they get the allocated spectrum.
How are you affected?
The entry of new companies has always resulted into a price war and thus an advantage or benefit for consumers. This in turn would lead to lower prices, better services and wider options for users.