Mobile operator Videocon plans to bid for additional spectrum in two service areas — Punjab and Madhya Pradesh — in the upcoming auction, starting January 23.
“Considering our growth plans, business projections and the fact that we want to give the best experience to our customers, we are planning to acquire additional spectrum for Punjab and M.P. (includes Chattisgarh) circles,” Videocon Telecom Director and CEO Arvind Bali said.
Videocon is the first company to confirm its participation for the next round of spectrum auction. Last two spectrum auctions, held in November, 2012, and March, 2013, had seen poor response from the telecom industry.
The company at present holds 4.4 Mhz spectrum in Punjab and 5 Mhz spectrum in Madhya Pradesh telecom circle, which includes Chattisgarh as well.
The company has plans to bid for additional 2 Mhz in these service areas.
At the minimum price fixed by the government for these areas, the additional spectrum would cost Videocon about Rs.190 crore.
However, the final price will depend on the competition for airwaves in these service areas.
