Videocon Telecom is aiming to launch its 4G data service in a few circles including Punjab, Haryana, Gujarat and Madhya Pradesh before the end of this year.
The statement was made by Arvind Bali, CEO of Videocon Telecom, who said that plans were on to launch 4G services by the end of the year or latest by the end of the financial year.
When the service does launch, Videocon will offer 4G data at 2G rates (which in recent times have aligned with 3G data rates across most carriers).
Bali added that the core service to support 4G data speeds had been upgraded but the radios over towers needed to be replaced.
Videocon will invest Rs 550 crore before the end of this fiscal to roll out 4G services in the above-mentioned circles and is also looking to start providing the service in Bihar and parts of UP.
The news comes on the back of Airtel commercially launching its 4G service in India as it looks to gain the first mover advantage. Reliance Jio, Vodafone and Idea are the other major players in the 4G space.