Translate

Friday, March 19, 2010

Videocon bids for 3G airwaves; eyes overseas partners

Videocon Industries Ltd has placed a bid for third-generation (3G) mobile spectrum in India, coming up in April for auction, a top official said on Friday. "We have already placed a bid for 3G spectrum, except Mumbai and Delhi...," Chairman Venugopal N Dhoot told Reuters over the phone.

The company, which already has second-generation (2G) radio wave licences, is also looking at roping in foreign partners for its 3G fray, he said.

The firm is in talks with European and U.S. companies for partnering its 3G operations in the country. Dhoot, however, declined to name the companies.

It intends to roll out the services through Videocon Industries.

Telecoms firms including Bharti Airtel, Vodafone and Etisalat DB India Telecom, a unit of UAE-based Emirates Telecommunication Corporation will vie for third-generation (3G), as they clamour for capacity for new services.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 09
21:00 3-Month Bill Auction 1 4.25% 4.25%
Tuesday, Jun 10
04:31 BRC Like-For-Like Retail Sales (YoY) 2 0.6% 2.7% 6.8%
06:00 Westpac Consumer Confidence 2 0.5% 2.2%
07:00 National Australia Bank's Business Confidence 1 2 -1
07:00 National Australia Bank's Business Conditions 1 0 2
11:30 Claimant Count Rate 2 4.5%
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.4% 5.6%
11:30 Claimant Count Change 3 9.5K 5.2K
11:30 Employment Change (3M) 3 112K
11:30 ILO Unemployment Rate (3M) 3 4.6% 4.5%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener