Norway-based Telenor Group has made the payment of the first installment of Rs 1,250 crore in Unitech Wireless that gave it a stake of 33.5 per cent in the telecom JV.
With this investment, the Norwegian company has made a formal entry into the world’s fastest growing telecom sector.
Speaking on this, Telenor Group President and CEO, Jon Fredrik Baksaas said, “This marks the formal entry of Telenor into the world’s fastest growing mobile market and we are now embarking on an operational phase, and the preparations for the launch of our services.”