Videocon out of race for BWA

An Videocon official has said that Videocon, which do not have any foreign partner and still to roll out its pan India 2G, is no longer bidding for BWA. As BWA is also cross the limit and is very expensive. They also didn't won 3G spectrum. They have decided to work on there 2G services as they have 2.75G ready network for fast internet through GPRS/EDGE technology. Will deliver cheaper service to attract more customers to there 2G services. They are also looking to sell curtain stake of the company.