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2G: Norway minister brings Rs 14,000 cr concern to Sibal

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Agencies

Posted: Feb 07, 2012 at 1256 hrs IST

Bangalore Norway's IT minister meets Sibal; seeks security of investment

New Delhi, Feb 7 (PTI)

Initiating dialogue at diplomatic level post cancellation of Uninor's 2G licences, Norway's IT Minister Rigmor Aasrud on Tuesday met Telecom Minister Kapil Sibal and discussed the way forward while raising concern over its investments in Indian operations.

Uninor, a joint venture between Norway's Telenor and Indian realty player Unitech with Norwegian firm holding over 67 per cent stake, offers services under Uninor brand across the country.

The Norway government, in turn, holds majority stake in Telenor.

“We had good, fruitful and constructive meeting with the telecom minister. We took up Telenor's case along with other issues,” Asrud said after the meeting.

Telenor claims to have invested over Rs 14,000 crore in Indian operations to pick up stake in Uninor and roll out services across several circles.

Uninor has already said it would file a review petition in the Supreme Court and also take up the matter with the government to secure its investments here.

“We are talking to the government because we need to protect our investment and we also need to make sure that there is a framework for continuing our operations and this is what all our discussions are about,” Uninor Managing Director and Telenor's Asia head Sigve Brekke said.

The company has said it would wait for new rules on spectrum auction before taking a call to participate in it.

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What is the cut?? by Akshay on 07 Feb 2012

Offer them a cut. If they got you the license initially they can do it again. Congis are trained dogs at it. They have been serving foreign masters since 1885. Wasn't congress created to serve the colonial masters? They still do the same.

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