Telenor raises stake in Uninor

by Paul Joseph on January 8, 2010 · 0 comments

The Telenor Group of Norway on Friday said it had completed the third round of investment of Rs.1,490 crore into telecom company Uninor, taking its ownership up to 60.11 per cent. Prior to this, Telenor had made two transactions, investing a total of Rs.4,110 crore in Uninor, a joint venture between Telenor and Unitech. “This third investment will as the earlier transactions provide Uninor with working capital to fund the roll out of services across India. Source

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Telenor raises stake in Uninor