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Telenor Group

Unitech’s Q1 profits are hit by the losses in the telecom business

Unitech’s Q1 profits are hit by the losses in the telecom business
The telecom business of the Realty firm Unitech has resulted in huge losses and the consolidated balance sheet of the company is appearing red. Unitech had partnered with Telenor Group which is a Norwegian multinational telecommunications company. They had launched telecom services under the brand name of Uninor which never could capture the market share. Realty [...] Continue Reading »

Telenor moves approaches Delhi High Court against Unitech

Telenor moves approaches Delhi High Court against Unitech
Telenor Group has approached Delhi High Court seeking that its Joint Venture partner Unitech Ltd be asked to set aside Rs 6,400 crore, or be directed to provide guarantees for the amount through a deposit. The Norwegian company moved the court as it fears the real estate company may not be able to pay the [...] Continue Reading »



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