Uninor News

Inter-ministerial panel Telecom Commission on Monday sought clarity from Trai on Rs 3,050-crore penalty that the watchdog recommended on three operators, including Airtel and Vodafone, for allegedly violating interconnect norms and its power to impose fine in such cases.

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.

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.

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.

Uninor on Wednesday awarded a Rs 1,200 crore contract to Chinese firm Huawei for modernising and managing its network in the country.

Uninor is working on setting up its own mobile app store that will work on feature phones as well, in sync with the telecom operator's 'Internet for All' project.

Norway-based Telenor Group today announced appointment of former Uninor CEO Morten Sorby as Head of Region Asia in Telenor Group from June 1, 2015.

Vivek Anand has decided to pursue his future aspirations outside Uninor.

Eight private telecom operators including Airtel, Vodafone, Idea, RCom, Reliance Jio and Uninor Monday submitted applications to bid for spectrum in the auctions starting March 4.

Vivek Sood, Chief Executive, Uninor, indicated the Norwegian firm may invest Rs 500 crore during the current year (January-December) towards capital expenditure.

Sood had earlier served as the Chief Financial Officer at Uninor, Telenor.

India has emerged as the fastest growing market for Norwegian telecom operator Telenor with its local arm, Uninor, posting highest revenue growth amongst all its units worldwide at 47 percent to reach about Rs 1,074 crore in the third quarter ended September 30.

The company had earlier disclosed that it will be investing about Rs 780 crore to raise its stake to 100 per cent in Telewings, which operates under the Uninor brand.

Citing its 40 million subscriber base in India, Norwegian telecom major Telenor on Tuesday said it expects to break even soon in the country and is planning to expand in other parts of Asia.

In a bid to bridge the mobile gender gap, Uninor on Monday said it along with GSMA will invest USD 1,83,654 over a period of seven months for an initiative that aims to increase women's access to use of mobile phones.

Proposal of Norwegian telecom firm Telenor to take complete ownership of its Indian unit, Telewings Communications has been cleared, the Finance Ministry said Wednesday.

Realty firm Unitech on Wednesday reported 91 percent decline in its consolidated net profit at Rs 5.56 crore for the quarter ended June as the company booked losses of nearly Rs 1,000 crore in erstwhile telecom business.

Telecom operator Uninor Wednesday reported widening of operating loss at about Rs 170 crore for the second quarter ended June 30.

Mohammad was Chief Technology Officer at Bangladesh-based telecom service provider Grameenphone - a subsidiary of Telenor Group.