Monday, 21 May 2018

Telenor mulls India exit

By Mary Lennighan, Total Telecom
Monday 11 April 16

Sources say Norwegian operator looking to raise as much as US$1.8 billion for Indian business.

Telenor is considering exiting the Indian telecoms market due to its lack of scale, particularly in the 3G and 4G sectors, it emerged this week. The Norwegian operator is looking for a deal that values its Indian business at US$1.6 billion-$1.8 billion (€1.4 billion-€1.6 billion), the Economic Times reported on Monday…

Telenor is considering exiting the Indian telecoms market due to its lack of scale, particularly in the 3G and 4G sectors, it emerged this week. The Norwegian operator is looking for a deal that values its Indian business at US$1.6 billion-$1.8 billion (€1.4 billion-€1.6 billion), the Economic Times reported on Monday…

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