Telenor, Unitech, Telenor-Unitech Disputes , Telenor SharesNorway's Telenor and India-based Unitech have reached an agreement to amicably settle all disputes between the two parties.The two firms run telecom business in India -- Uninor -- under a joint venture with Telenor having over 67 percent share. Unitech owns the rest.Earlier this year, Telenor served a divorce notice to Unitech and sought c...
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Business News,Telenor,Unitech,Company Law Board ,International arbitartionIndia-based realty firm Unitech today said the Company Law Board (CLB) has accepted the firm's plea to resolve its dispute with Norway-based Telenor through international arbitration in Singapore.Unitech along with Telenor run telecom business in India under a joint venture Uninor. The two firms have been at logger heads since...
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Company Law Board, Telenor, Unitech, Uninor, Indian telecom market, 2G spectrum, 2G spectrum auctionThe Company Law Board (CLB) today returned the petitions filed by Norway-based Telenor and India's Unitech, citing technical errors, and asked the firms to resolve their differences through mediation.The CLB has asked both companies to file their petitions rectifying the errors. The board would hear...
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warring partners of Unitech Wireless — Norwegian telecom firm Telenor and Indian player Unitech — today decided to settle all disputes, with Unitech agreeing to sell its 33.75 per cent stake in the domestic telecom company for an undisclosed amount.While Telenor blamed Unitech for the licence cancellation, Unitech accused Telenor of wishing to “scuttle and deprive” it of the opportunity to participate...
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step down from the post of chairman of Unitech Wireless in the wake of ongoing 2G court case.Uninor is a joint venture between Telenor and Indian firm Unitech Wireless Limited, a subsidiary of realty firm Unitech."Telenor Group has earlier this month sent a letter to Unitech Ltd, requesting Sanjay Chandra to step down as Chairman of the Board of Directors in Unitech Wireless," Telenor said in a st...
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Unitech Open to Selling Telenor JV Stake: Unitech is open to selling its 32.7% stake in its telecom joint ventur:...
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fight between Norwegian mobile operator Telenor and its minority Indian partner Unitech is out in the open. As if reacting to Telenor group CEO Jon Fredrik Baksaas’ statement recently that if Unitech did not subscribe to the company’s rights issue, Telenor would look for a new partner in India, Unitech on Tuesday moved the Company Law Board alleging gross mismanagement of the JV company, Uninor.The...
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visitNorwegian telecoms operator Telenor ASA said Tuesday it wants to run its Indian operations through a new company, after its mobile licenses in the country were revoked.Telenor has operated in India through Unitech Wireless, a joint venture with Unitech Ltd. in which Telenor has a 67.3% stake and that operates under the brand name Uninor.Unitech Wireless was this month ordered to return all 22...
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spectrum licenses: Unitech to reply to Telenor's plea of Rs 6,400 crore indemnityThe Delhi High Court today asked Unitech Ltd to respond to its joint venture partner Telenor Asia Pte's plea seeking Rs 6,400 crores as indemnity from it for the losses to be caused to it after cancellation of the 2G spectrum licenses.today asked Unitech Ltd to respond to its joint venture partner Telenor Asia Pte's plea...
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Unitech blocked a bid by Telenor to buy out assets and rebuild the joint venture which is being stripped of its operating licence....
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