Tuesday, 06 December 2016

Telenor faces €42m India fine

By Nick Wood, Total Telecom
Thursday 17 April 14

Regulator claims telco's former JV partner broke rules when it amalgamated its stake.

Telenor's Indian arm Uninor may have to pay a 3.5 billion-rupee (€41.9 million) fine after its former joint venture partner was accused of violating rules governing stake sales. In 2009 a clause was added to spectrum licences awarded in the controversial 2008 auction that prevented the owners of a licence holder from selling shares within three years of receiving frequencies…

Telenor's Indian arm Uninor may have to pay a 3.5 billion-rupee (€41.9 million) fine after its former joint venture partner was accused of violating rules governing stake sales. In 2009 a clause was added to spectrum licences awarded in the controversial 2008 auction that prevented the owners of a licence holder from selling shares within three years of receiving frequencies…

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