Unitech to stretch its wings in India

www.WirelessFederation.com/news: Half of the Indian market will be covered by Unitech Wireless, an Indian subsidiary of Telenor, by the end of this year. The company has expressed its desire to position itself in the mid-end to high-end segment besides making it clear that it is not expecting any decrease in the mobile prices.

Sigve Brekke, head of Telenor’s operations in Asia, denied Unitech’s participation in the 3G auction as it sees no immediate demand for it in India.

According to the executive, Unitech will use telecoms towers of existing players rather than its own, and that on a wider note Telenor has no plans to buy companies in Pakistan or Africa.

Unitech commercially launched its service in India in December 2009 under the brand name Uninor. 67.25% stake in Unitech is currently held by Telenor and it is expected to rise to 74% by the end of this month.