Videocon
telecom is going to shut down its services as telecom operator in Punjab circle
from 15 Feb 2017, bringing their services to an end in INDIA. For the time
being Videocon requested its 3 million customers to migrate to other operators.
Prepaid customers should exhaust their balance and then migrate and post-paid
customers should pay the bill before migrating and this should be done before
15 of Feb.
The
Videocon Company has incurred losses and doesn’t want to invest money on its
telecom services because their spectrum holding validity is from 1997 and
validates till 20 years, now it’s 2017. 20 years had passed away and they are
not sure that their spectrum validity is extended till 2027. So, they decided
to opt out as telecom operator and continue its other businesses.
As they are
quitting their spectrum will go back to government and sold again.
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