Bharti Airtel to take ownership of Telenor’s operations in IndiaFinancial performance
Telenor ASA has on 23 February 2017 entered into a definitive agreement with Bharti Airtel Limited (Airtel), whereby Airtel will take full ownership of Telenor India.
New CEOs in Grameenphone and Uninor
Telenor Group today announced that Mr. Rajeev Sethi will join Grameenphone as CEO while Mr. Vivek Sood will join Uninor as CEO.
Uninor wins fresh spectrum and adds new circle in auction
Uninor confirms that it has successfully acquired additional spectrum in the 1800 MHz band in four of its six existing circles – Uttar Pradesh East, Uttar Pradesh West, Bihar and Jharkhand and Andhra Pradesh – and in the new circle of Assam at an investment of INR 8,447 mil.
Telenor nominates new Uninor CEO
Telenor Group today announced that it has nominated Mr. Morten Karlsen Sørby to become the new Chief Executive Officer of Uninor, effective immediately. Morten Karlsen Sørby steps into the role just as Uninor reached cash flow break even at the end of 2013, on target after only four years of operation. Morten Karlsen Sørby replaces Sigve Brekke who has served as interim CEO of Uninor since early November last year.
Yogesh Malik appointed Chief Executive Officer of Uninor
Uninor today announced that it has appointed Mr. Yogesh Malik as Chief Executive Officer (CEO) of the operating company with immediate effect. Sigve Brekke will continue to be responsible for all of Telenor affairs in India as the Head of Telenor Group’s Asian Operations.
Uninor celebrates reaching break-even target in its first telecom circle
(Oslo/ New Delhi) Uninor has today announced that Uttar Pradesh East has become its first circle to achieve break-even.This means the company’s operations in UP East are now profitable, with revenues being higher than operating costs (EBITDA break-even).
Telenor awarded spectrum in six telecom circles in India
Telenor Group today announced that the company has been successful in securing spectrum license to provide mobile telephony services in six telecom circles in India. Telenor’s total bid in the spectrum auction was INR 40.18 billion (NOK 4.2bn) of which 33 per cent is to be paid up front.
Telenor submits application for pre-qualification in India’s spectrum auction
Telenor Group confirms that it submitted its application for pre-qualification in the 1800 MHz band spectrum auction to the Indian Department of Telecommunications on 19 October.
Write-down of remaining book values in India
During the first quarter 2012, Uninor’s operational performance in India has developed according to plan. Following the Supreme Court’s ruling in February to cancel Uninor’s licenses and the recent recommendation from the Telecom Regulatory Authority of India (TRAI) regarding the 2G license re-auction, the uncertainty has increased significantly. If the recommendation from TRAI in its […]
Telenor Group seeks indemnities from Unitech Limited as it gets ready for a new future in India
Telenor Group today issued a notice to its Indian strategic partner Unitech Limited, that it will seek indemnity and compensation following the cancellation of Uninor’s 22 licenses by the Supreme Court of India.