Subscribers to Uninor, the Joint Venture (JV) between Norwegian Telecom group Telenor & Realty Company Unitech Ltd, were in for a rude shock as the company abruptly shut down its services in Mumbai. Post Saturday 16th midnight, Uninor’s entire subscriber-base, amounting to 1.8 Million (as of December) was faced with a non-working SIM / No network. The company is apparently following the Supreme...

Realty Company Unitech Ltd & Norwegian Telecom group Telenor had jointly started a mobile telecom service known as Uninor. After 5 years of mutually holding the reins of 45 Million subscribers, the JV has dissolved. Though the JV was mutual, unfortunately we cannot the same about their relation. Ever since the Supreme Court cancelled 122 Licenses pertaining to 2G Spectrum allocation, the two companies...

Realty Company Unitech Ltd. & Norwegian Telecom group Telenor’s Joint Venture (JV) has officially come to an end. Telenor has not only dissolved the JV, but announced its intention to set up a separate entity in India with a new partner. The ailing JV Uninor had long been a mute sufferer owing to the bitter spat between the two companies. Through meticulous planning, Telenor had successfully...

The upcoming auction for the 2G Spectrum allocation could see foreign telecom companies acting alone. The Indian Government has given the green signal to allow international mobile service providers to participate in the bidding process independently. So far, the companies had to mandatorily have an Indian or domestic partner to even consider entering the Indian market. However, the latest amendment...

Telenor, the company which is the technological partner with Unitech, has received approval from its board members to auction off the telecom business under the Uninor brand. Unitech, the only other partner had been vehemently against this auction, but looks like the decision has been made. Coincidentally, the telecom company had begun to show signs of a breakdown with it announcing closure of its...

Unitech has reportedly agreed to sell its stake in Uninor on certain conditions. Uninor is a joint venture (JV) between Unitech and Norwegian telecom company Telenor. The proposal was made before Company Law Board (CLB) which is hearing the cross petitions filed by Unitech and Uninor.   CLB is a quasi judicial body on corporate matters. It had asked Unitech before if it wanted to buy Telenor’s...

Uninor came out as a winner in January as it recorded highest addition of subscribers among all GSM service providers. Born out of Telenor & Unitech merger, Uninor, relatively small player on the Indian GSM turf managed to add 2.49 Million subscribers in January 2012. Uninor now has close to 40 Million users. Not surprisingly, GSM operators enjoyed another month of great additions with total number...

Norwegian Telecom giant Uninor confirmed that it will form a new company in India & will safely migrate the existing customers & employees to the new. After a bitter spat with its Indian partner Unitech, Uninor served by break-up notices & also demanded compensation for the damages the realty firm caused. While Telenor chose to blame Unitech for the current 2G mess, Unitech has simply chosen...

Unitech has clarified its stand against the accusations by its Norwegian partner Telenor in their Joint Venture Uninor. In light of the Govt. acting dictatorial & cancelling all Universal Access Service (UAS) licenses, Telenor had blamed Unitech for the resultant cancellation of 22 licenses held by their telecom JV Uninor. Telenor also demanded indemnity and compensation. Unitech on the other...

Telenor has approached Foreign Investment Promotion Board (FIPB) with its plans to increase its shareholding percentage in Uninor to 74%. After the amendment of Mergers & Acquisitions rules by TRAI comes through, Telenor, who currently owns 67.25% stake in the  Uninor Mobile service, has written to FIPB that it wants to increase its stake to 74%. This is coincidentally the upper-most peak that...