Videocon Telecom plans Rs.1,240 crore investment in 2014-15

Videocon Telecom plans to invest Rs.1,240 crore in its existing four circles during 2014-15 on network expansion, IT infrastructure and service platforms, Arvind Bali, director and chief executive officer of the company said here Wednesday.

"We will be investing over Rs.1,240 crore in our existing four circles in 2014-15 primarily on network expansion, IT infrastructure, service platforms and other technological advancements," he said in a statement.

The consolidated top line revenue of the company grew by 77 percent in the fourth quarter (January-March) of 2013-14 and touched Rs.344.5 crore.

The growth was fuelled by aggressive customer acquisition, the statement said. The company achieved 91 percent growth in its subscriber base at 7 million customer base.