Technoglitch
Core Member
Norway-based Telenor ASA, which owns 74% in Telewings Communications Ltd that runs the brand Uninor, will complete the acquisition of the remaining 26% stake worth around Rs.780 crore by autumn, Telenor’s chief executive Jon Fredrik Baksaas said on Friday. This 26% stake is owned by Sun Pharmaceutical Industries Ltd executive director Sudhir Valia-promoted Lakshdeep Investments and Finance Pvt. Ltd.
Uninor, which has 41 million subscribers, provides prepaid services on the GSM technology platform in Uttar Pradesh west and east, Bihar, Jharkhand, Andhra Pradesh, Maharashtra and Gujarat. Of these, around 20% are regular Internet users, which the company hopes to take up to 50% by 2017
http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy
Uninor, which has 41 million subscribers, provides prepaid services on the GSM technology platform in Uttar Pradesh west and east, Bihar, Jharkhand, Andhra Pradesh, Maharashtra and Gujarat. Of these, around 20% are regular Internet users, which the company hopes to take up to 50% by 2017
http://www.livemint.com/Companies/5vCme49Hz5zZMEbPGTtcoL/Telenor-to-buy-remaining-stake-in-Uninor-soon.html?utm_source=copy
