FIRSTPOST YOUSPEAK
Saturday, May 18th 12:14 PM IST
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Telenor Group IMAGE.
Norwegian telecom operator Telenor wants to auction off its Indian business, a joint venture with Unitech, while it is still a going concern and migrate the business to a new company to seek fresh operating licences. The JV, Unitech Wireless (Tamil Nadu) has invited interests from potential bidders by 6 August, Managing Director Sigve Brekke said in the auction notice published on Wednesday in the Financial Express newspaper. Telenor controls the JV with a 67.25 percent ownership but Unitech is expected to take this battle to court. [caption id=attachment_399936 align=alignleft width=380

Norwegian telecom operator Telenor wants to auction off its Indian business, a joint venture with Unitech, while it is still a going concern and migrate the business to a new company to seek fresh operating licences. The JV, Unitech Wireless (Tamil Nadu) has invited interests from potential bidders by 6 August, Managing Director Sigve Brekke said in the auction notice published on Wednesday in the Financial Express newspaper. Telenor controls the JV with a 67.25 percent ownership but Unitech is expected to take this battle to court. [caption id=attachment_399936 align=alignleft width=380