The Airtel-Telenor buyout coupled with talks of potential Vodafone-Idea merger and Tata Teleservices with RCom-Airtel-MTS combine raise questions whether a consolidation is the best way for telecom companies in view of Reliance Jio's entry.
A late entry into India's crowded telcom sector, Telenor (formerly Uninor) from the start of its India operations, was never able to find its footing in the cut-throat industry.
The company has also indicated to take call on its future after evaluating impact of Reliance Jio commercial launch in India.
Telenor's India CEO Sharad Mehrotra tells CNBC-TV18's Prerna Baruah that the company is eagerly waiting for the spectrum guidelines to be announced by the government.
"Uninor today announced a change in its leadership. The company's CEO Yogesh Malik has resigned from his position owing to personal reasons. The company has already started the process of selecting a new CEO to take up the position," the company said in a statement.
Uninor's Norwegian partner Telenor today said it has no regrets on entering the Indian market despite troubles faced by its telecom venture.
Welcoming the Cabinet nod to the New Telecom Policy, managing director of Uninor Sigve Brekke said that it would give clarity on future government policy before the auctions
While normally you would expect the MD of a company whose business is at stake to conduct high level closed door meetings, Sigve Brekke the MD of Uninor has a different plan.
Even as their future remains uncertain, employees of Uninor are not willing to walk away. Their battle cry of Halla Bol, captures the anger and anguish, but who do they wage the war against? CNBC-TV18's Malvika Jain reports.
Down but not out is the word coming from Uninor's managing director Sigve Brekke. Speaking to CNBC-TV18's Malvika Jain, Brekke says he is disappointed by the Supreme Court's verdict but respects the decision.
Norwegian telecom major Telenor Group, which is a joint partner in Unitech Wireless Ltd, on Sunday warned that the ongoing 2G licence imbroglio will badly affect the overall foreign investment climate in the country and not just the telecom sector.
In a press conference today, Sigve Brekke, the managing director of telecom service provider Uninor said that there should be two auctions for the new telecom licences.
Uninor, one of the telecom operators whose 2G licence has been cancelled by the Supreme Court, today said Telecom Minister Kapil Sibal had assured it of the Centre's support to help it steer through the crisis.
On the fallout of the Supreme Court order on the 2G licence cancellations, Uninor, the joint venture between Telenor of Norway and Unitech has said it is not ready to give up without a fight.
Norway's Telenor will continue to fight, and is exploring all options, including legal, after the Supreme Court ordered cancellation of telecoms licences issued in 2008, including 22 held by its Indian joint venture.
The Unitech group seems to have won a reprieve at the company law board on its plea seeking the appointment of an observer to oversee the affairs of its telecom services joint venture with Norway's Telenor, reports CNBC-TV18 quoting sources.
Subscriber base of new telecom company Uninor has crossed 25 million mark by end of May, 2011 and the company became the eighth largest telecom operator in the country on subcriber base in April.