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Videocon outlines INR3.4bn investment after securing pan-India ISP licence

8 Jan 2015

Videon Group’s Punjab-based internet service provider (ISP) arm Quadrant Televentures, which operates under the ‘Connect Broadband’ name, has been granted a pan-India ISP licence, the Economic Times reports. The provider plans to invest over INR3.4 billion (USD53.49 million) over the next year to expand services to the three other circles where its GSM division Videocon Telecom currently operates.

Videocon’s CEO Arvind Bali explained: ‘We are already [the] broadband service market leader in Punjab. We have plans to roll out internet services first in service area[s] where are operating, starting with Haryana, then Gujarat, Madhya Pradesh and, Chattisgarh because we have a lot of synergies in terms of infrastructure and manpower… After these states we will pick each circle one by one, and start rolling out internet services [elsewhere].’ The official also noted that the broadband infrastructure would support its 4G plans, allowing it use Wi-Fi hotspots to offload data traffic from its 4G network.

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