Telenor signs agreement with new Indian partner
(Thomson Reuters ONE) -
Telenor Group has on 26 October 2012, through its new wholly owned Indian
entity, Telewings Communications Pvt. Ltd. (Telewings), signed a partnership
agreement with Lakshdeep Investments & Finance Pvt. Ltd (Lakshdeep), a company
controlled by Mr. Sudhir Valia. This is a financial investment by Mr. Valia in
his personal capacity.
Lakshdeep will contribute an agreed amount of equity into Telewings. Upon
successful participation in the upcoming spectrum auctions and post all required
government approvals, Telenor Group will eventually own 74% of the joint
venture. Telenor Group will maintain operational control and upon necessary
approvals all assets of Unitech Wireless (Uninor) will be transferred to this
company for seamless continuity of operations.
Telewings has already applied for prequalification to participate in the
upcoming spectrum auction. A final decision on whether to participate or not
will be made before the auction starts.
Contacts:
Glenn Mandelid, Telenor Asia,Tel.: +668 2440 1122
e-mail: glenn.mandelid(at)telenor.com
Tor Odland, Group Communications, Tel: +47 9909 0872,
E-mail: tor.odland(at)telenor.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Telenor via Thomson Reuters ONE
[HUG#1652718]
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2012 - 10:01 Uhr
Sprache: Deutsch
News-ID 196639
Anzahl Zeichen: 1835
contact information:
Town:
OSLO
Kategorie:
Business News
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"Telenor signs agreement with new Indian partner"
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