Unitech Wireless is a new company founded in 2007 by the Unitech Group, a real estate developer in India. It has spectrum in 13 telecom circles in India and expects to add the remaining nine circles to its portfolio by the end of 2009. It plans to launch actual services in mid-2009. TelenorÆs investment, which is going into the Indian company, will form part of the $2 billion capital expenditure Unitech Wireless has forecast for the next three years.
The Norwegian company will pay $250 million when the deal closes, scheduled for the end of...
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