Videocon Telecommunications Ltd, a subsidiary of Videocon Industries, is reportedly going to shut down its services in most circles in India following cancellation of its licenses by the Supreme Court. The apex court had recently scrapped as many as 122 telecom licenses issued under a scam-tainted 2008 sale. According to reports, Videocon is going to wind up its services in all circles excluding those having over 5 lakh customers. Circles namely Tamil Nadu, Punjab, Haryana, Mumbai and Maharashtra have the largest Videocon subscribers base.
In February 2012, the apex court of India cancelled the company's license. Few weeks back, Videocon had said that it would continue its 2G operations and participate in the forthcoming spectrum auction. According to an estimate, Videocon has a user base of 5.4 million as on January 2012.
Videocon will be the third operator to wind up its operations in India. Earlier this month, STel and Cheers Mobile also shut down their services in India.
Source:- ThinkDigit
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