Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement |  3G  |  Technology |  Broadband |  LTE |  DTH |  Infrastructure
TelecomTiger Telecom News
 
 
Corporate
Videocon says may offload up to 26% in telecom arm
TT Correspondent |  New Delhi |  22 Apr 2010

Videocon Group Chairman Venugopal Dhoot said that it may consider offloading about 26% stake in the telecom services arm.

 

“Many foreign companies are eyeing a stake in our company. We may dilute a stake of up to 26 per cent,” he said.

 

Dhoot valued the telecom services arm at about Rs 12,000 crore presently and said that the valuation may go up as it expands across India. Videocon is in the process of expanding its mobile services in 100 cities within 100 days of launch.

 

Videocon Telecommunications is currently offering services in Tamil Nadu, Gujarat and Mumbai circles.

    
 mail this article    print this article    Show and Post comment
22 Apr 2010(IST)  
Whitepaper
How Cisco Helps O2 Monetize Free Wi-Fi
See how O2, working with Cisco, has effectively monetized its free Wi-Fi network...read more
Other Whitepapers
telecomtigerAll Beamforming Solutions Are Not Equal
Other Stories of the Day