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

July 24th, 2012 1:44 PM 41 COMMENTS

Uninor To Scale Down Mobile Services in Four Telecom Circles

Uninor, the joint venture of Unitech and Norway telecom major Telenor today said that it will scale down GSM operations in Four circles out of the total 13 telecom circles where it is commercially active to focus resources on the remaining areas. Uninor India management has decided to prioritise its focus on Mumbai, Maharashtra & Goa and seven other best performing circles of UP East, UP West, Bihar and Jharkhand,... Read More

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