Telenor which is operating Uninor GSM Mobile service in India, today said that its new wholly owned Indian entity, Telewings Communications Pvt. Ltd. (Telewings), signed a partnership agreement with Lakshdeep
Investments & Finance Pvt. Ltd (Lakshdeep), a company controlled by
Mr. Sudhir Valia. This is a financial investment by Mr. Valia in his
personal capacity.
Lakshdeep
will contribute an agreed amount of equity into Telewings. Upon
successful participation in the upcoming spectrum auctions and post all
required government approvals, Telenor Group will eventually own 74% of
the joint venture. Read more…
No comments:
Post a Comment