October 11th, 2012 11:12 AM 9 COMMENTS

Unitech and Telenor Reaches Settlement on Uninor

India's realty firm Unitech Ltd today said that it has reached an agreement to amicably settle all disputes with its Norway's Telenor and it would exit from telecom joint venture Uninor by disposing of its entire shareholding and both the parties have amicably settled all legal disputes between them. Telenor wanted to scrap the Joint Venture with Unitech (known as Uninor) and migrate the business to a new company to... Read More

August 1st, 2012 3:15 PM 6 COMMENTS

Telenor Gets Approval To Sell Indian Operations Invites Proposals From Potential Bidders by August 6

Telenor the joint venture partner in telecom operator Uninor Wireless, has received approvals from the majority of the board members to sell off its business, while its Indian partner Unitech Ltd is mulling of a legal recourse. The joint venture, Unitech Wireless has invited proposals from potential bidders by August 6, 2012, its Managing Director Sigve Brekke said in a public notice. Telenor would participate in the forthcoming 2G auctions... Read More

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