Telenor reveals plans for Unitech

4 Mar 2010

The head of Telenor’s operations in Asia, Sigve Brekke, has revealed that the company’s Indian subsidiary Unitech Wireless will cover about half of the Indian market by the end of this year. Speaking in an interview he confirmed that Unitech will position itself in the mid-end to high-end segment, that it does not expect mobile prices to decrease, and that Telenor will not bid on 3G spectrum as it sees no immediate demand for it in India. The executive added that Unitech will use telecoms towers of existing players rather than its own, and that on a wider note Telenor has no plans to buy companies in Pakistan or Africa. According to TeleGeography’s GlobalComms Database, Unitech launched services in December 2009 under the brand name Uninor. Telenor currently holds a 67.25% stake in Unitech, although this is expected to rise to 74% by the end of this month.

India, Telenor Group, Telenor India