Videocon rings MTN for GSM foray
Datacom Solutions, promoted by consumer electronic goods maker Videocon Industries, is close to roping in South African telecom major MTN group as a partner for its GSM foray in the country.
According to sources, Datacom, which was scouting for a partner to bring in investments and technology, has short-listed MTN. Discussions with the South African company are in the final stage and a deal is expected to be signed soon.
It was not immediately clear how much stake Datacom was willing to offer a foreign partner, or whether the agreement would be based on a different model.
When contacted, Videocon Industries Chairman and Managing Director Venugopal Dhoot said the company was in discussions with various players.
He declined to give any details, citing a non-disclosure agreement with foreign telecom companies Datacom was in discussions with.
Responding to an e-mail, an MTN spokesperson said that