Break Up Time: Telenor Starts Looking For New Indian Partner For Uninor

Break Up Time: Telenor Starts Looking For New Indian Partner For UninorTelenor Group which operates Mobile service under the brand Uninor in Indian market today issued a notice to its Indian strategic partner Unitech, that it will seek indemnity and compensation following the cancellation of Uninor’s 22 licenses by the Supreme Court of India.

The company cites that it will consider every option available to secure the continued successful development of its mobile services in the country.

It is Telenor Group’s position that the strategic partnership with Unitech Limited does not have a future, and it therefore will start the process of looking for a new Indian partner.

The Supreme Court of India on February 2 passed an order to revoke 122 licenses issued to all operators on and from January 10, 2008. This included all licenses issued to Uninor. The Supreme Court decision refers to actions that happened prior to Telenor Group’s entrance into India.

In the share subscription agreement between the partners, Unitech Ltd. has irrevocably and unconditionally agreed to indemnify and hold harmless the Telenor Group from all damages which may be suffered as a result of breach of any of the agreed warranties.

Now it looks like Telenor is serious about its Indian operations  . Now how do you look at this move do let us know via comments.

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36 Comments on "Break Up Time: Telenor Starts Looking For New Indian Partner For Uninor"

 

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Sri
February 23, 2012 5:54 pm 5:54 PM

Hi. i opted for mnp on nov 20 2011 freom aircel and changed to uninor on 3 dec 2011. Please tell me when can i port out from uninor.Is it 90 days from 20 nov or 3 dec?

February 17, 2012 9:07 am 9:07 AM
hj91 : @Riju why dont you use tata docomo? Can u use tata docomo in the rainy seasons and in fast moving vehicle. Are they providing good network and good coverage. Still now there is no coverage for tata docomo in my home. Then 1p/s means 60p/min. 60p/min or 49p/min , Which is better? Is there any prepaid plan for tata docomo which is providing more than 1000 free sms withOUT any special recharge ? For Rs.20 recharge how much amount you will get. I am getting more than Rs.16 For Rs.300 I can connect more than 1 crore users(… Read more »
hj91
February 16, 2012 8:56 pm 8:56 PM

@Riju
why dont you use tata docomo?

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