Videocon to spend USD134.5m to boost Gujarat network

25 Jul 2013

Wireless provider Videocon will invest INR8 billion (USD134.5 million) in the Gujarat region this year to build 500 new towers and open 150 retail outlets, the Economic Times reports. The move is part of the company’s bid to reclaim lost ground in the wake of the 2G spectrum scandal, which saw the cellco’s licensed footprint cut from 21 circles to just six. The cellco currently operates 4,096 towers in Gujarat, and will increase that number by 500 in the current fiscal year before installing a further 1,000 next year. Commenting on strong subscriber growth in the region in May and June, Videocon’s CEO Arvind Bali claimed that ‘About 20%-25% of new subscribers were migrants from other service providers who have availed of Mobile Number Portability (MNP) facility. This was a five-times increase in MNP subscribers in the last three months.’