Videocon to participate in 900 MHz auction

Videocon Telecom, the telecommunication arm of the $4 billion Videocon Group, intends to establish itself as a national telecom player and is planning to bid in the upcoming license auction. Videocon Telecom said Monday that it finds the sharp cut in the reserve spectrum floor price for the 900 Mhz spectrum to be very attractive and has appointed Deloitte to evaluate bidding for the 900 Mhz license in Delhi in the upcoming Jan'14 auction.