India’s Unitech Wireless sells 60% to Telenor for $1.07 billion

Unitech Wireless, which has been the most talked about telecom operator in the news media lately, has just sold off 60% of stake to Telenor.

Telenor has been eyeing a stake in the company for quite a while now and has been in talks with the company ever since. Italy’s Telecom Italia too was rumored to have bought a 49% stake in the company, but the claims soon died down. However, it has been confirmed that it is infact Telenor which now controls a whopping 60% stake in the company.

Why so much interest in the company?

India’s Mobile subscriber base is growing at an alarming rate and there’s already enough competition in the market. Unitech Wireless recently won license to operate in the 13 telecom circles of India from the Indian government, something which increased the demand of the company. 

With a pan Indian license, the company was looking for strategic partners to do business with and they’ve finally settled with Telenor here.

Recently Published

Question: When is the only time a traffic jam is good news in the UK?

Answer: When you're sitting in the back of an Uber and you need reliable mobile signal. Boom! Sad, isn't it, dear reader? Travel all around...

Ah yes, an S23 with a BlackBerry Bold Keyboard: Exactly what I (think) I need

I was playing with Midjourney, the AI/photo generation service and I asked it to show me what a Samsung S23 would look like with...

It’s ok, your moon photos aren’t fake, they are just enhanced – quite a bit

Have you taken a photo of the moon recently? I almost did, the other day, when I spotted a fabulous moment here in Dubai....

Don’t move! You’ll jinx it! This looks like a tiny bit of innovation in the mobile world

It has been quite a while since I’ve seen anything in the mobile industry that’s caused me to want to write much. Just look...

The new BlackBerry movie trailer is here

Were you a BlackBerry fan? Of course you were. At some point, almost everyone was. I still remember the days and the joy that...

Airalo: The easy way to roam globally with a data eSIM

Shortly before I began my FinTech & Banking Tour around the GCC, I popped into the Apple AppStore and searched ‘eSim’. I wondered if...