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Wireless

Telenor mulls India ops sale for USD 1.8 bln - report

Monday 11 April 2016 | 13:59 CET | News
Telenor plans to sell its telecom operations in India. The operator is looking for a valuation ranging between USD 1.6 billion and USD 1.8 billion (approximately INR 110 – 120 billion), The Economic Times reports, citing two unnamed people familiar with the matter. However, market experts claim Telenor may at best be able to get around USD 1 billion (INR 68 billion), with spectrum being the main saleable asset. A Telenor spokesperson declined to comment.

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Categories: Mobile & Wireless
Companies: Telenor
Countries: India
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