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Aug 01, 2012, 10.26 AM IST
TELENOR-INDIA-AUCTION-UNITECH-UNINOR:Telenor India JV board approves auction of business
NEW DELHI (Reuters) - A majority of the board members of Telenor's
The JV, Unitech Wireless (Tamil Nadu) Pvt, has invited interests from potential bidders by August 6, its Managing Director Sigve Brekke said in the auction notice published on Wednesday in the Financial Express newspaper.
A spokesman for real estate firm Unitech Ltd, which owns just under a third of the JV, said they would take legal action against the proposed auction.
(Reporting by Devidutta Tripathy and Anurag Kotoky; Editing by Anand Basu)
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