Te­lenor to hold talks to merge with Tata

The Pak Banker - - Front Page -

OSLO

Te­lenor ASA, the Nordic re­gion's big­gest phone op­er­a­tor, is in talks with Tata Te­le­ser­vices Ltd. to com­bine their op­er­a­tions in In­dia, three peo­ple with di­rect knowl­edge of the mat­ter said.

Ja­pan's NTT Do­CoMo Inc., which owns a 26 per­cent stake in Tata Te­le­ser­vices, is likely to re­main a share­holder in the merged en­tity, said one per­son, who asked not to be iden­ti­fied be­cause the in­for­ma­tion is pri­vate. The com­bi­na­tion would cre­ate In­dia's fourth-largest op­er­a­tor by users and may give Te­lenor ac­cess to air­waves in all ar­eas of the world's sec­ond-big­gest mo­bile phone mar­ket.

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