Videocon to invest Rs 500 crore in Punjab through Connect Broadband

Videocon to invest Rs 500 crore in Punjab through Connect Broadband

Videocon promoter Shri Raj Kumar Dhoot in his meeting with Capt. Amarinder Singh, Chief Minister of Punjab expressed his keenness to digitally enable the state by offering hi-speed internet by deploying VDSL technology on copper network which is the latest deployment in international market. To help spreading the digital reach, and to further strengthen market presence in Punjab, Videocon Industries is planning to inject Rs. 500 Cr in its wire-line & broadband arm Connect Broadband.

The development comes at a time when the Punjab Chief Minister is on his visit to Mumbai to attract investors to Punjab. The one-on-one interaction with Shri Raj Kumar Dhoot was one amongst the bigwigs of a few other large industrial groups which are keen on exploring investment opportunities in the state. This technology would be made available to the customers at no extra cost.

 

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