Thursday, September 02, 2010 :
Videocon Telecommunications a unit of Videocon industries is planning to increase its investment in the telecom segment with an additional fund of Rs 450-500 crore to strengthen its telcome tower business in Tamil Nadu circle. The company has already invested around Rs 500 crore to strengthen its telecom infrastructure the additional investment will increase its tower strength to 5,000 from the current 3,250, the company is also planning to penetrate the market through using other telecom companies infrastructure. Videocon Telecommunications is a 100% subsidiary of Videcon Industries, with 1.9 million subscribers and a market share of 0.31%. it launched its telecom services in the Tamil Nadu in March this year.
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