Wednesday, May 13, 2009

Telenor seeks to up India JV stake to 74%

From Dow Jones Newswires, Monday 20 April 2009
Norwegian telco plans to invest up to $2.24 billion in Unitech Wireless venture.

Norwegian telecom company Telenor A.S.A plans to invest up to INR112 billion ($2.24 billion) in its Indian joint venture and has also sought government approval to raise its stake to 74%, the Economic Times newspaper reported Saturday.
The original deal signed in October involved Telenor buying 60%

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