FIPB clears Telenor proposal to raise stake in Unitech Wireless (India)

www.WirelessFederation.com/news: The Foreign Investment Promotion Board (FIPB) of India has reportedly cleared the proposals made by the Norwegian telecoms group Telenor to raise its stake in the Indian telco Unitech Wireless. Telenor has unveiled its intentions to raise its stakes in the firm to 74% earlier this year, but has been held up following investigations into the proposals by both the FIPB and the Ministry of Home Affairs (MHA).