Electronics giant Videocon announced on Wednesday that it will start rolling out telecom services from mid-August. Videocon which has already acquired license for pan-India operations has got spectrum in three circles to begin with.

Videocon initially plans to launch its network in South India beginning from August 15 in Chennai. The Videocon group is aiming for 50 million subscribers in five years that would be 10 per cent of the Indian telecom market by then.