Telenor has just received a green signal from Indian finance ministry to acquire 100% of its Indian telecom venture Telewings Telecommunications which operates under Uninor brand.
At present Telewings is owned by Telenor & Lakshdeep Investments in 74:26. Telenor entered in India via joint venture with Unitech in 2008-2009, and Unitech exited after the company’s licenses cancelled by Supreme Court in 2012. Presently Uninor offers GSM voice & data services in 7 circles. With 500cr investment plan for network expansion in existing circles, Telenor is looking for next spectrum auction for reaching more circles with the ‘sabse sasta’ schemes.
Telenor Mobile Communications AS, Norway through Telenor South Asia Investment Pte. Ltd (TSAI), Singapore will now buy remaining 26% from Lakshdeep Investments and will have Uninor as their 100% owned subsidiary. It will be Telenor’s 2nd 100% owned arm in Indian subcontinent.
After Indian government allowed 100% FDI in telecom, Vodafone became the first mobile operator to grab the opportunity, second is Telenor.
Well, Sorry to say but I do think you’re wrong about Vodafone [Group]. While it’s true that they began the process few months later since 100% Foreign Direct Investment (FDI) in telecom sector got legalised and thus, they’re now 100% owner of Vodafone India. But they made the plan to do so by various “subsidiaries” which even don’t belong to telecom sector by their names, their names suggest they belong to various industries/product categories such as steels, beverages, etcetera so they’re called “indirect subsidiaries” which means Vodafone have equity stake in those companies but can’t “directly” control them means it’s… Read more »
in my view uninor is fast in 2g ,HYD