Videocon eyes 10 pc telecom market share

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New Delhi, May 21: With an aim to capture 10 per cent market share of the country's booming telecom sector in the next five years, Videocon Group will roll out its telecom network from mid- August. ''We are aiming for 50 million in five years. The Indian market will have crossed 500 million by then,'' Videocon Industries Chairman Venugopal Dhoot said here today, adding that they have got spectrum in South India and will roll out services from August 15.

The group seeks to share passive infrastructure wherever possible with interested players, and it is also considering to rop in a foreign partner for its telecom business. To support its telecom business, Videocon will manufacture handsets at its new plant in Kashipur, Uttaranchal.

The group is planning to have a 360 degrees approach to the telecom business, with launch of services in 22 circles through its subsidiary Datacom.

UNI

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