New entrant Datacom is finally set to launch its GSM-based mobile services after a prolonged delay. Furthermore, the company is also set to change its name from Datacom to Videocon Telecommunications Ltd. (VTL) reports the Hindustan Times.

The name change signifies the change in management control rights. In fact the firm was involved in a bitter dispute over the management control rights issue with the HFCL promoters Nahatas and Dhoots of the Videocon Group staking claim over the management control rights of the firm.

The Nahatas own 36% stake in the JV. He is set to receive Rs 1,400 crore to offload his entire stake in Datacom.

The differences over management control scaled to such an extent that things almost came to a standstill for more than a year.

This also led to exit of the company’s CEO, Ravi Sharma and others at helm. Finally R.N.Dhoot took over charge of the company affairs and is now assisted by his other brother P.N.Dhoot.

Things at Datacom had started to look positive when the company awarded IT outsourcing contract to IBM and also inked a tower sharing agreement with Aircel and Datacom. The company’s advertising contract was also up for grabs and Singapore-based T.A.G was a front runner to bag the contract. For wireless equipment the company had signed a MoU with Huawei.

The company is scheduled to launch its mobile services next month starting with Mumbai circle to be followed by Tamil Nadu and Punjab.