wordpress blog stats
Connect with us

Hi, what are you looking for?

Videocon Telecom to shutdown operations in Punjab circle within a month

Videocon Telecom will shut down its operation in Punjab circle on February 15th 2016, the company said in a statement displayed on its website. The telco also requested existing customers in the circle to port out to a different and urged them to exhaust any remaining balance in prepaid accounts before Feb 15th.  Videocon however did not provide any reason for the closure of service. The development was first reported by TelecomTalk. Note that Videocon’s mobile network operations are owned by Mohali-based Quadrant Technologies. According to TRAI’s recent telecom data, Quadrant had 29.78 lakh subscribers in Punjab circle as of October 2016. Out of this only 49.53% of subscribers were active users during the same time-period. Note that between September to October 2016, Videocon added 3000 new subscribers in Punjab circle. Videocon currently has operations in states including Haryana and Madhya Pradesh apart from Punjab, but its operations has been on a standstill. The company sold its 1800MHz spectrum in 6 circles to Bharti Airtel for about Rs 4428 crore in May last year. The deal between Airtel and Videocon was originally announced in March after Idea Cellular had called off an earlier deal with Videocon for the same spectrum. Note that Videocon Group does not report their telecom segment revenues with their quarterly/annual results. The last known financials for Videocon Telecom was during Q3 FY16 when it reported a quarterly loss of Rs Rs 25.9 crore which reduced from Rs 44.6 crore in the same quarter previous year (Q2 FY15). Plans to comeback via the MVNO route…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ