Unitech gets spectrum space for telecom in West Bengal
January 12th, 2009 - 2:35 pm ICT by IANSNew Delhi, Jan 12 (IANS) Unitech Wireless, the telecom arm of real estate major Unitech Ltd., Monday said it has received 4.4 megahertz (MHz) of spectrum in the 1,800 MHz GSM band in the West Bengal telecom circle. With this, the company has been allotted initial spectrum in 21 service areas of India out of 22, a company statement said.
In October 2008, Unitech announced the selling of 60 percent stake in its telecom venture Unitech Wireless for Rs.61.20 billion ($1.23 billion) to Telenor.
“The company signed a binding agreement with Telenor on Oct 28 and are now completing all the formalities. Both the parties have made significant progress on the transaction,” the company said.
The Oslo-headquartered Telenor is a global provider of telecommunications, data and media communication services. Norway’s Ministry of Industry and Trade owns 54 percent of the company, which has operations in Europe and Asia.
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- Telenor asks Sanjay Chandra to step down as Unitech Wireless chief - Apr 20, 2011
- Unitech, Idea Cellular receive spectrum (Lead) - Dec 08, 2008
- Was told telcos sold stake to finance roll-out: PM - Feb 16, 2011
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- Raja drags PM, Chidambaram into 2G scam (Intro Roundup) - Jul 25, 2011
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- Telecom cos may have to pay for excess spectrum - Jan 19, 2012
- Raja pulls PM, Chidambaram into 2G scam (Roundup) - Jul 25, 2011
- Contest Telenor's demand for compensation: Unitech - Feb 16, 2012
Tags: asia, binding agreement, communication services, formalities, global provider, India, media communication, New Delhi, norway, oslo, percent stake, real estate, service areas, spectrum space, telecom circle, telecom venture, telecommunications, telenor, unitech, west bengal