India Okays Telenor’s Rs.1000 crore Investment Plan for Uninor

By July 3rd, 2013 AT 6:00 PM

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.

Telenor Telewings

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 its Indian subsidiary Telewings Communications operating mobile services under the brand name Uninor in six telecom circles.

Telenor participated in 2G spectrum auction through its Indian subsidiary Telewings Communications,  conducted in November 2012 for fresh purchase of airwaves after the cancellations existing 2G licencs by India’s Supreme Court in its earlier verdict on 2G scam.

Telenor /  Uninor, has commercial mobile services or spectrum  in six circles of Maharashtra and Goa, Gujarat, UP East, UP West, Bihar (including Jharkhand) and Andhra Pradesh.

Read more on:

6
Leave a Reply

avatar
5 Comment threads
1 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
5 Comment authors
fazlur rahaman mullicksoumitraS.SudhakarSathish, Gobichettipalayamnayan Recent comment authors
newest oldest most voted
fazlur rahaman mullick
fazlur rahaman mullick

we want uninor coime back in kolkata , we want uninor coime back in kolkata, we want uninor coime back in kolkata, we want uninor coime back in kolkata,we want uninor coime back in kolkata

soumitra
soumitra

if any chances to uninor come back in kolkata and westbengal????? pls come back in west bengal. pls pls pls.

Recent Posts

Nokia 9 PureView Spotted on Geekbench With Snapdragon 845 SoC and 6GB of RAM

HMD Global is all set to begin its 2019 journey. The company is all set to launch its first smartphone...

Airtel Achieves Average 4G Download Speed of 8.6 Mbps, Beats Jio by a Considerable Margin: Tutela

India State of Mobile Networks is an analysis by Tutela about the latest upgrades, coverage, network quality and other parameters...

Huawei Ready to Begin 5G Trials in India With Government’s Approval

Amid reports suggesting that Huawei may not get the government’s approval for 5G trials in India, Huawei India CEO Jay...