Telenor hangs up on India, to sell business to Airtel

Telenor hangs up on India, to sell business to Airtel

NEW DELHI: Telenor wrapped up its ill-starred India venture by agreeing to sell the business to market leader Bharti Airtel, which will take on some of the Norwegian telecom giant’s local liabilities in return. The acquisition, which comes amid market consolidation, will boost Bharti’s 4G

The Times Group

Telenor wrapped up its ill-starred India venture by agreeing to sell the business to market leader Bharti Airtel, which will take on some of the Norwegian telecom giant’s local liabilities in return.

Norway’s Telenor to exit India, sells telecom business to

NEW DELHI: Norway’s Telenor group has decided to exit the Indian telecom market and sell its business to Bharti Airtel, signalling the growing pressures in the mobile industry following fierce

Telenor to exit India with sale to Bharti Airtel

 ·

Bharti Airtel, India’s largest mobile phone operator, has struck a deal to buy the Indian business of Norway-based Telenor as the telecoms sector grapples with the aggressive entry of one of the

Bharti Airtel in talks with Telenor to buy India business

NEW DELHI: Bharti Airtel, the country’s leading telecom operator by users, is in talks with Norway-based Telenor for buying its India business for $350 million, ET Now reported on Monday.

Telenor India – Wikipedia

Telenor (India) Communications Private Limited, formerly known as Uninor, was an Indian mobile network operator.The company was a wholly owned subsidiary of Norwegian telecommunications company Telenor Group.In February 2017, Telenor Group announced merging the India business with Bharti Airtel in a no-cash deal with liability of Airtel to take over the outstanding spectrum payments …

Type: Subsidiary

Telenor to exit India, sells business to Bharti Airtel

Telenor ASA and Bharti Airtel, India, have entered into an agreement by which Airtel will take full ownership of Telenor India. Telenor started its operations in India in 2008 and by 2016, its

Bharti Airtel to take ownership of Telenor’s operations in

According to the agreement, Airtel and Telenor India will merge and Airtel will take over Telenor India as soon as all necessary approvals are received. As part of the agreement, Airtel will take over outstanding spectrum payments and other operational contracts, including tower lease.