• News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Telenor Receives Approval To Raise Uninor Ownership To 100%

Photo Credit :

Telenor Group's application to raise its ownership in Telewings Communications (Uninor) to 100 per cent has been approved. Telenor filed its application with the Foreign Investment Promotion Board  in June this year, as a further confirmation of its long-term commitment to India. When all formalities are in place, Telenor will make the necessary steps to complete the process of raising its in ownership in Uninor to 100 per cent.

Telenor's Indian operations have participated in two separate spectrum auctions to acquire spectrum in the range of 5Mhz to 7.2 Mhz in seven circles that together represent more than half of India¹s population. This year, Uninor has announced an additional investment of Rs 500 crore towards expansion of its network & distribution infrastructure by 30 per cent.

Uninor has emerged as the fourth largest mobile operator by both customer and revenues share in its best circles. The company now has over 33 million subscribers and is preparing to launch services in its newest circle of Assam.

Tags assigned to this article:
news 7 telecom uninor telenor