Unitech arm secures spectrum in four additional circles

Unitech arm secures spectrum in four additional circlesUnitech Ltd, India's second-largest listed property firm, has notified that its telecom subsidiary has received start up spectrum in four more service areas.

The allotment has been made for Assam, Rajasthan, North East and Jammu & Kashmir service areas.

Till date, out of the total 22 services areas in the country, the realty major has received spectrum in 20 circles to start its services.

Recently, Unitech has agreed to sell 60 per cent stake in the telecom business to Norway's Telenor, for Rs 6,120 crore.

In a separate release, Gurgaon-based realty company has revealed its plan to set up two Special Economic Zones (SEZ) for automobiles and apparel sectors in Haryana, for which the reality firm will soon approach the government for permission.

Presently, Unitech has seven notified SEZ projects in Kolkata, Gurgaon, Noida, Greater Noida, Tamil Nadu and Andhra Pradesh. Besides SEZs, the company plan to concentrate on mid-income housing and expanding its hotel business.

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