Telenor News

Airtel and Telenor, in February 2017, had signed an agreement for merger under which the Sunil Mittal company will acquire Telenor India's operations in seven circles -- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.

The merger of BSNL and MTNL is "desirable" for operational synergy and even the fiercely- competitive telecom market necessitates such a combination for a stronger pan-India play, a top MTNL official has said.

Let's compare three telecom companies that can give a tough competition to Reliance Jio's new offer.

Buyouts, mergers and quick exits -- as India`s richest man shakes up the country`s ultra-competitive mobile market, telecommunications companies are scrambling to either consolidate or cut their losses and run.

Bharti Airtel is buying Norwegian Telenor`s India unit driven by upstart rival Jio`s disruptive pricing. The deal involves many strategic angles. 

Shares of Bharti Airtel soared 11 percent on Thursday reaching one-year high after the telecom operator said it will acquire the business of Telenor India for an undisclosed sum in all seven circles where it holds spectrum.

The Sensex reclaimed the 29,000-mark in mid-session trade Thursday on sustained buying by domestic institutions amid robust foreign fund inflows and expiry of derivative contracts.

Bharti Airtel, Telenor tie-up to bolster additional spectrum network

The Sensex rose to a 5-1/2-month high on Thursday, heading for a sixth consecutive session of gains with IT stocks leading the rally, while Bharti Airtel hit an 18-month high on its plan to buy Telenor India.

Charging new entrant Reliance Jio of violating tariff order, incumbent operators such as Bharti Airtel and Vodafone on Fri met regulator Trai on the issue -- a new front in the ongoing war between the two sides over the points of interconnection.

Telenor India will not participate in the upcoming spectrum auction which is in line with its earlier announcement indicating exit from the country.

Posting a huge operating loss of 3,100 million Norwegian Krone (around Rs 2,530 crore) for its Indian telecom business, Telenor Wednesday hinted at exiting India if it fails to procure spectrum at reasonable rates.

Telenor has sharpened its pitch, saying it will offer lowest tariff in high-speed mobile segment.

Telecom operator Telenor India, which positions itself as the most affordable network, expects to have 4G services ready in six circles by the end of this fiscal.

Norwegian telecom firm Telenor Tuesday said it will launch 4G services in 5-8 cities in India within 6 months and is in talks with other operators to increase its spectrum holding through trading.

The telecom service providers that participated in the marathon auctioning were: Idea Cellular, Bharti Airtel, Vodafone India, Reliance Communications, Reliance Jio, Tata Teleservices, Telenor and Aircel.

 Norwegian telecoms firm Telenor expects more than half of its subscribers to use data services on their mobile devices in the country by 2017, up from 22 per cent now.

Telecom operator Telenor Tuesday said it will be adding 950 new mobile sites covering over 3,380 rural areas and upgrade the existing 3,235 sites in Bihar and Jharkhand.

Norwegian mobile operator Telenor today reported widening of operating loss at its Indian unit at 373 million Norwegian krone (about Rs 286.21 crore) for the quarter ended September 30, 2015.

Telecom operator Uninor on Wednesday changed the brand name to Telenor, the name of its parent company, while extending call drop reimbursement offers to all calls made from its network, in a move to position itself as "the most affordable service provider" in the country.