Monday, 16 October 2017

Uninor, Videocon in talks on Indian mobile merger

By Mary Lennighan, Total Telecom
Thursday 07 May 15

Telenor-owned operator keen to buy out smaller rival, but firms have yet to agree a price, local press reports.

Telenor's Indian unit is reportedly in talks to acquire smaller rival Videocon Telecom, a move that would push its mobile market share above 5%. The Norwegian firm's Uninor business is conducting negotiations to take a majority stake in its smaller rival, but have yet to reach agreement on a valuation, the Economic Times reported on Thursday, citing unnamed sources. Videocon values itself at around 100 billion rupees (&euro…

Telenor's Indian unit is reportedly in talks to acquire smaller rival Videocon Telecom, a move that would push its mobile market share above 5%. The Norwegian firm's Uninor business is conducting negotiations to take a majority stake in its smaller rival, but have yet to reach agreement on a valuation, the Economic Times reported on Thursday, citing unnamed sources. Videocon values itself at around 100 billion rupees (&euro…

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