Unitech Agrees to Sell Uni­nor Stake to Te­lenor

Voice&Data - - NEWS AND VIEWS -

Do­mes­tic realty firm Unitech has agreed to sell its 32.75% share in Uni­nor wire­less to their part­ner Te­lenor, af­ter both par­ties agreed to set­tle the year long dis­pute. Te­lenor wanted to end the joint ven­ture with Unitech and trans­fer its as­sets from Uni­nor to a new com­pany which will par­tic­i­pate in the com­ing spec­trum auc­tion slated to com­mence from Novem­ber 12. “Te­lenor and Unitech are pleased to an­nounce that on Oc­to­ber 10, 2012, they have reached an agree­ment to am­i­ca­bly set­tle all dis­putes be­tween the two par­ties,” said Unitech in a state­ment.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.