Indian mobile service provider Videocon Telecom today said it would launch 4G LTE services on FD-LTE technology during the fourth quarter of fiscal 2014-15.
Videocon Telecom will target key cities in Gujarat, Madhya Pradesh and Haryana.
Arvind Bali, director and CEO of Videocon Telecom, told TelecomLead.com: “We are in the process of finalizing our Capex plans. 4G LTE will be launched during the last quarter of the current fiscal. The main target will be key cities in Gujarat, Madhya Pradesh and Haryana.”
Videocon Telecom achieved revenue of Rs 1,049 crore in fiscal 2013-14. It is targeting to achieve Rs 2,500 crore turnover during fiscal 2014-15.
Videocon Telecom, which has a subscriber base of over 7 million subscribers, did not share revenue growth during the last financial year.
Rs 1,000 crore revenue came from its four operational GSM mobility business circles, NLD/ILD operations and its wire line business in Punjab, said Videocon Telecom.
“Since our comeback in the telecom domain early last year, we have taken a whole lot of initiatives to sustain and grow in this over competitive. The first year of our comeback has given us a good head start and we not intend to grow our top-line to Rs 2500 crore in the coming financial year,” Bali added.
For comparison, MTS India said its 2013 revenue reduced to $209 million due to reduced operating footprint. Its revenues increased 5.3 percent $48 million in Q4 2013.
Also read: Telenor Indian telecom biz Uninor posts 3% revenue growth in Q4 to $136 million
Uninor, the Indian telecom venture of Telenor, said its 2013 revenue from India dipped 19.2 percent to $489 million. Its fourth quarter 2013 revenue rose 3.2 percent to $136 million (NOK 836 million).
Capex plan of MTS, Uninor, Videocon Telecom
Videocon Telecom is in the process of finalizing Capex (capital spending) plan for fiscal 2014-15.
Also read: MTS India Capex plan for 2014 to see substantial decrease
MTS India (Sistema Shyam TeleServices), which has reduced its presence to 9 telecom circles, will significantly lower its Capex in 2014 as compared with $35 million invested in 2013.
Meanwhile, Capex of Uninor, the Indian joint venture of Telenor, decreased substantially to NOK 84 million in Q4 2013 from NOK 4,384 million in the same quarter previous year. In 2013, Uninor invested NOK 204 million towards Capex against NOK 4,526 million in 2012. By the end of 2013, Telenor’s operation in India covers six telecom circles.
editor@telecomlead.com
