Don't have a login yet?
Sign up now
27 November 2012
Norway’s Telenor Group is reportedly in talks to merge its Indian operation, Telewings, with the country’s sixth ranked operator Tata Teleservices.
The move would help Telenor gain
a larger share of the market, having been forced to downsize
its Indian operations after its previous joint venture, Uninor,
lost its 2G licences.
A source told Reuters that Telenor would look to take a
majority stake in the merged entity.
Tata Group would cut its stake in Tata Teleservices as part of
the deal, while NTT DoCoMo, which owns a 26% stake in
Teleservices, would retain its holding in the combined entity,
according to the source.
Telewings won licences in six Indian telecoms zones in this
month’s 2G auction, after months of consideration
as to whether it would participate.
The operator had spent much of the year engaged in a dispute
with its previous Indian partner, Unitech, which it blamed for
the loss of Uninor’s 2G licences
following a decision by India’s Supreme