India Okays Telenor’s Rs.1000 crore Investment Plan for Uninor
The Government of India today cleared Norwegian telecom firm Telenor's proposal to invest Rs 1,000 crore in a joint venture company, operating mobile services under the brand Uninor. According to Finance Ministry's statement, Telenor's application to set up a joint venture company in telecom sector involving Rs.1,000 crore FDI inflow has been cleared by the Foreign Investment Promotion Board (FIPB). Telenor had approached the FIPB for raising its stake in... Read More