According to Dipen Sheth, Head-Institutional Research at HDFC Securities, one may buy telecom stocks.
Uninor will shut down operations in circles where it does not manage spectrum by January 2013. In an exclusive conversation with CNBC-TV18‘s Malvika Jain, Jon Fredrik Baksaas, CEO of Telenor group said he is confident that licensee fee paid by the company in 2008 is adjustable.
The company law board (CLB) has put a stay on Uninor auction after joint-venture partner Unitech raised objections. The CLB has also said it will hear the Unitech petition challenging the Uninor resolution on asset sale on August 8, reports CNBC-TV18's Malvika Jain.
In an interview with CNBC-TV18‘s Siddharth Zarabi, managing director, Uninor, Sigve Brekke explains what is so worrisome about the business environment in India‘s telecom sector after parent company Telenor had to write off USD 682 million due to losses in India
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.
TRAI has directed S-Tel and Etisalat DB to restore their services within 3 days in order to ensure continuity of service to telecom subscribers, even as their telecom licenses are set to get quashed on June 2, reports CNBC-TV18's Malvika Jain.
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.
The economy is waiting with bated breath for the Supreme Court’s (SC) verdict on the review of its now famous 2G case where it cancelled licenses of a bunch of telecom operators on the ground that they were not procured through proper means. CNBC-TV18's Malvika Jain reports.
Speaking to CNBC-TV18, telecom secretary R Chandrashekhar denies having revied any notice from Telenor informing them of the company's intention to invoke international arbitration if their investments are not protected.
There seems to be lack of consensus among telecom players as far as issue of reserve price is concerned. Vodafone concurs with the treaty reserve price whereas; Airtel demands a lower reserve price of Rs 620.48 crore.
Norway's Telenor upped the ante today by issuing a second notice to Unitech for voiding the shareholder pact. CNBC-TV18's Siddharth Zarabi does a low-down on the latest.
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.
CNBC-TV18's Shereen Bhan spoke to Ajay Bahl counsel for Uninor on the Supreme Court’s order on the 2G licenses and what the trial court had to say when it dismissed Subramanium Swamy's plea against Chidambaram’s alleged role in the 2G scam.
The licensee fee of those involved in the 2G scam will not be refunded to at least Loop Telecom for 21 circles while Allianz and Uninor for two circles each, reports CNBC-TV18's Malvika Jain quoting sources.
Concerned over the impact of the recent Supreme Court verdict cancelling 122 2G licences, Norwegian IT Minister Rigmor Aasrud has sought an appointment with her Indian counterpart to discuss the issue as the government braces itself up for diplomatic parleys.
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.
New operator Uninor, a joint venture between Telenor of Norway and Unitech, today said the company will participate in 2G spectrum auction but did not rule out exit option from the Indian market.