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Articles tagged with: Telenor and Unitech Wireless
Telenor Gets Approval to Increase Indian Investment
India's Cabinet Committee of Economic Affairs (CCEA) has announced that greenfield operator, Unitech Wireless' application to increase its foreign shareholding up to 74% has been approved. The application was earlier approved by the Foreign Investment Promotion Board (FIPB) in August 2009. more
Telenor Nears Approval to Increase Indian Investment
India is set to grant telenor the necessary security clearance to increase its stake in Unitech Wireless to the legal maximum of 74% - but only on the condition that no employees from telenor's Pakistan subsidiary work for the Indian company. more
Fitch Affirms Telenor's IDR at 'BBB+'; Negative Outlook
Fitch Ratings has today affirmed the Norwegian incumbent telecoms operator telenor's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+' and affirmed the Short-term IDR at 'F2'. The Outlook is Negative. more
Related Tags: fitch-ratings, alfa-group, vimpelcom, kyivstar, partner, fitch, Norway
Telenor Q1 Net Profit Drops by 65%
Norway's telenor Group has reported that its first-quarter profits slumped by 65% to NOK1.62 billion (US$250 million) from NOK 4.57 billion (US$700 million) a year ago. Revenues rose by 6.8% though to reach NOK24.78 billion (US$3.8 billion) according to a statement from the company. However, EBITDA rose to NOK 7.84 billion (US$1.2 billion) before foreign exchange losses. more
Related Tags: vimplecom, kyivstar, Norway
Telenor Buys 60% Stake in Indian Mobile Operator
telenor has confirmed that it is to take a 60% controlling stake in Indian green-field mobile operator, Unitech Wireless for a consideration equivalent to US$1,070 million. The company will be subscribing to a new share issue by the company. more
Related Tags: India
India's Unitech Confirms Telenor in Talks Over Investment
Indian green-field mobile operator, Unitech Wireless has confirmed that Norway's telenor is one of three companies it is in talks with regarding an investment. telenor has been named in the past as a possible bidder for a stake in the firm, but has always refused to comment on media reports. more
Related Tags: zain, telecom-italia, India
Telenor Rumoured to be Close to $1.5 Billion Indian Deal
Norway-based telenor has reportedly been in talks with Indian greenfield operator, Unitech Wireless to take a stake in the firm worth up to US$1.5 billion. Earlier reports that Telecom Italia was also seeking to take a stake in the firm fell to nothing. Kuwait's Zain is also understood to be in talks to take a stake in the Indian company - but is thought to be holding out for a majority stake. more
Related Tags: zain, telecom-italia, radio-spectrum, India