Telenor entering Indian mobile market

03 Nov, 2008

Norwegian telecommunications operator Telenor is to acquire a 60 per cent stake in the Indian Unitech Wireless for 1.07 billion dollars (840 million euros), it announced on Wednesday (October 29) after revealing disappointing third quarter results.
"Gaining access to the world's second largest mobile market is a major achievement for Telenor," the company's chief executive Jon Fredrik Baksaas said.

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