Telenor to drop partner Unitech after 2G scandal

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Telenor to drop partner Unitech after 2G scandal

Telenor wants to drop its Indian joint-venture partner Unitech after the Supreme Court revoked their mobile licences in the country and is seeking a new local partner.

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Telenor wants to drop its Indian joint-venture partner Unitech after the Supreme Court revoked their mobile licences in the country and is seeking a new local partner, the Norwegian telecoms firm said on Wednesday.

"Telenor Group holds Unitech Ltd. liable for the breach of warranties related to the cancellation of the licenses - seeking compensation for all investment, guarantees and damages caused by the Supreme Court Order," the firm said in a statement.

"It is Telenor Group's position that the strategic partnership with Unitech Limited does not have a future, and it therefore will start the process of looking for a new Indian partner."