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.