Telecom Tiger is reporting that Telecom Italia (TI) has beaten Norwegian telecoms group Telenor in the race to acquire a stake in Unitech Group’s mobile arm, Unitech Wireless. Despite recent reports suggesting that Telenor looked the more likely to partner with the Indian company, it has now been confirmed that TI will pay USD2 million for a 49% stake in the venture; Unitech and TI have announced they will now create a new entity as part of the deal. The report suggests that Telenor lost out due to its desire to take a controlling stake in the joint venture, against the wishes of Unitech. Unitech has a pan-India licence for 2G services, and the funds from TI are expected to be used for network rollout and bidding for 3G spectrum.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors