Videocon Telecom, on Monday, said it planned to bid for 900 MHz licence for Delhi in the upcoming spectrum auction, and had appointed consulting firm Deloitte to formulate a business plan for the same.
“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 licence in Delhi in the upcoming January 2014 auction,” the company said in a statement.
Videocon’s 21 licences were among the 122 permits quashed in the 2G case by the Supreme Court in February, 2012.
In November 2012, Videocon won spectrum in Bihar, Gujarat, Haryana, Madhya Pradesh, Uttar Pradesh East and West, for Rs.2,221.44 crore.
The company now has spectrum in seven circles, but offers services only in Punjab, Haryana, Madhya Pradesh/Chhattisgarh and Gujarat circles “Delhi licence will be available on 900 MHz spectrum completely fits in our strategic framework,” Videocon Telecom Director and CEO Arvind Bali said.
Auction likely from January 7
The third round of spectrum auction may start from January 7 as per the tentative timeline worked out by an inter-ministerial committee (IMC), which was set up by the Department of Telecom.
The IMC had decided to complete the considerations over Telecom Regulatory Authority of India’s recommendations by October 7 and make submissions to the Empowered Group of Ministers on spectrum, headed by Finance Minister P. Chidambaram, by November 7.
The spectrum proposed for auction includes that of Bharti Airtel and Vodafone in Delhi and Kolkata and of Loop Mobile and Vodafone in Mumbai.