The Union Ministry of Communications & Information Technology has provided 4.4 MHz of Spectrum in 1800 MHz GSM band to Unitech Ltd for the West Bengal telecom circle. The company has announced that it would soon start telecom services in the West Bengal Service Area.

The company has already been allotted spectrum in 21 service areas. The telecom arm of real estate major Unitech Ltd, Unitech Wireless is also planning to launch 3G services in near future. State run MTNL has already launched 3G services in national Capital Region.

The company had announced to sell 60 per cent stake in its telecom venture Unitech Wireless to Norway based company, Telenor in October 2008. The company said, "The Company signed a binding agreement with Oslo-headquartered Telenor on Oct 28 and are now completing all the formalities. Both the parties have made significant progress on the transaction."

The shares of Unitech reported 2.65% decline and traded at Rs 34.95 at the Bombay Stock Exchange. Total of 74906980 shares were traded as compared to two week average of 29731852.