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.

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.

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6 Comments on "India Okays Telenor’s Rs.1000 crore Investment Plan for Uninor"

 

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fazlur rahaman mullick
June 2, 2014 8:25 pm 8:25 PM

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
March 24, 2014 8:11 pm 8:11 PM

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

S.Sudhakar
July 4, 2013 5:54 am 5:54 AM

Warning to uninor :

If you enter Indian again and implement FUP on all 2G GPRS packs (like only 100 MB per day is free in 3 GB GPRS pack with 30 days validity and similar restrictions on other packs), then the subscribers will chuck you out of the world (you cannot operate in any country – remember that Indians are staying worldwide and if you flop in India, they will come to know)

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