Videocon Telecommunications gross revenue up 10.35% in Q3 2011

Telecom Lead India: Videocon Telecommunications has
reported gross revenue of Rs 141.39 crore for the quarter ended 31, December
2011, up 10.35 percent against Rs 128.13 crore for the quarter ended 30,
September 2011.

 

For the quarter ended 31 December 2010, Videocon’s gross
revenue stood at Rs 99.86 crore.

 

During the quarter ended 31, December 2011, Videocon Telecommunications’
subscriber base recorded at 5.44 million with 0.40 percent market share,
against 6.27 million for Q2 2011, showing 13.18 percent decline.

 

In February 2012, the Supreme Court cancelled Videocon
Telecommunications’ licenses for all its operating circles along with  pan
India licenses of Uninor, Loop 21, Sistema-Shyam (MTS India) 21, Etisalat-DB
15, S Tel 6, Idea Cellular 9 and Tata Teleservices 3.

 

However, Videocon Telecommunications along with Uninor, Sistema
Shyam (MTS India) gained market share in February 2012 in the wake of Supreme
Court’s decision to cancel 2G licenses in 122 telecom circles in India.

 

Recently, Videocon Telecom has decided to file a curative
petition in the Supreme Court, as it is disappointed by the Supreme Court order
dismissing the review petitions of all the seven telecos in 2G spectrum
allocation case.

 

Videocon Telecom was among seven telcos who had filed
review petitions in 2G spectrum allocation case. Telecom companies Videocon
Telecommunications, S Tel, Systema Shyam Teleservices, Tata Teleservices,
Unitech Wireless, Idea Cellular Ltd and Etisalat DB Telecom Ltd, which
challenged the license cancellation order, could not get any relief.

 

We will file curative petition in the Supreme Court. We
were not expecting any relief through review petition. We have a strong case as
we have not done anything wrong. The CBI has not found anything wrong against
us,” said the VN Dhoot, chairman Videocon group.

 

Dhoot is hopeful that the government would take some
action to protect the interests of the subscribers.

 

Videocon is planning to turn aggressive in adding
subscribers. V. N. Dhoot, recently quashed rumors that recharge coupons of
their service are not available in the market, and said they were ensuring a
supply of new SIM cards in the market.

 

While talking to a newspaper, Dhoot also claimed they are
doing well in customer acquisition. He said, “It is our monthly target to
add 700,000 new customers, and we have already added 300,000 in April.”

 

Danish Khan
[email protected]

 

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