The company said it will be making investments in non-spectrum businesses going forward as the life of smaller players like it is very short in the GSM telecom business.

"GSM is a limited game. We will not bid for spectrum in upcoming auction that is absolutely clear," Videocon Telecom  Director & CEO Arvind Bali told media at the Mobile World Congress here.

Bali added the company will make all its investments into non-spectrum businesses, mostly into enterprise side or new products which are more in sync with other businesses of Videocon Group.

The company, Bali said, has started tasting success in its small verticals. Soon, it plans to start e-recharge aggregation and e-wallet business under the new vertical.

He further said it has become clear that for a smaller player like it, there is very limited life in GSM and it will be very tough.

Videocon Telecom has already sold its spectrum in two service areas of Gujarat and UP (West) for Rs 3,310 crore. The company had won spectrum in six circles – UP East, UP West, Bihar, Gujarat, MP and Haryana in the 2012 auctions for Rs 2,221.44 crore.

It will also expand its fibre to home business to states of Haryana and Himachal Pradesh. The company currently has operations in Punjab. It has about 6,000 kilometre of fibre.

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