Norway steps in to ensure 'fair treatment' for Telenor

The past week saw the highest body of law in the country deliver a pathbreaking ruling - that of revoking some 122 telecom licenses in the country. One of the companies who's future prospects in the country took a beating, post the ruling has been Norway-based, Telenor. Reportedly, when the SC went about quashing 122 telecom licenses, 22 held by Telenor’s majority-owned Indian unit, were quashed, too, dealing a major blow to the company. Now, according to a report in Khaleej Times, the Norweigan government is keen on taking up the issue with the Indian government, wanting to ensure Telenor gets 'fair treatment'. Norwegian state-backed, Telenor, reportedly is the highest shareholder in Uninor, which is a joint venture with Indian real estate company, Unitech.Click here for full story