Telenor completes first phase of Indian investment

25 Mar 2009

Telenor has announced that it has completed the first phase of its investment in Indian cellco Unitech Wireless. Telenor’s current stake in the company stands at 33.5% after an initial investment of USD248 million. The Norwegian outfit is expected to increase its stake to 67.25% by the end of 2009.

India, Telenor Group