Bloomberg News

Telenor Has ‘No Particular’ Comment on ET Now Unitech Report

October 11, 2011

Oct. 11 (Bloomberg) -- Telenor ASA had no comment today after ET Now television channel reported that Unitech Ltd. offered to buy its 67 percent stake in their Indian phone venture.

“We have no particular comment,” Tor Odland, a Telenor spokesman, said by phone today. “Our position remains as previous in terms of the financing question.”

Unitech has opposed Telenor’s efforts to implement a rights issue to put more money into the venture.

To contact the editor responsible for this story: Meera Bhatia at mbhatia2@bloomberg.net


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