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Norwegian IT Minister meets Sibal over Telenor

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Norway’s IT Minister, Ms Rigmor Aasrud, with the Union Minister for Communications and IT, Mr Kapil Sibal, in New Delhi on Tuesday. Following the Supreme Court’s verdict on 2G licences, the Norwegian authorities have requested the Indian Government to protect Telenor’s investments. — V. Sudershan
Business Line Norway’s IT Minister, Ms Rigmor Aasrud, with the Union Minister for Communications and IT, Mr Kapil Sibal, in New Delhi on Tuesday. Following the Supreme Court’s verdict on 2G licences, the Norwegian authorities have requested the Indian Government to protect Telenor’s investments. — V. Sudershan

Initiating a dialogue at the diplomatic level post cancellation of Uninor’s 2G licences, Norway’s IT Minister, Rigmor Aasrud, today met the Telecom Minister, Mr Kapil Sibal, and discussed the way forward while raising concern over its investments in Indian operations.

Uninor, a joint venture between Norway’s Telenor and Indian realty player Unitech with Norwegian firm holding over 67 per cent stake, offers services under Uninor brand across the country.

The Norwegian Government, in turn, holds majority stake in Telenor.

“We had a good, fruitful and constructive meeting with the Telecom Minister. We took up Telenor’s case along with other issues,” Asrud told reporters after the meeting.

Telenor claims to have invested over Rs 14,000 crore in Indian operations to pick up stake in Uninor and roll out services across several circles.

Uninor has already said that it would file a review petition in the Supreme Court and also take up the matter with the government to secure its investments here.

(This article was published on February 7, 2012)
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