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INDIA'S UNITECH IN TALKS WITH GLOBAL MAJORS FOR TELECOM VENTURE.
NEW DELHI, Feb 1 Asia Pulse - Realty firm Unitech (BSE:507878), which has received a pan-India license to offer mobile services, is in talks with global players from the US and the UK for a tie-up for its telecom venture.
"Unitech will be tying up with an operating partner, who will bring the expertise as well as finance," a company source said.
In the telecom venture, the global partner is likely to have a 50 per cent stake, the source added. The company is in talks with two operators from America and Europe and is likely to ...
- UNITECH BETS HEAVILY ON HOSPITALITY SECTOR WILL INVEST Rs 4,000 CR TO DEVELOP...
- News wire article from: PTI - The Press Trust of India Ltd. August 1, 2008 700+ words
...six would be launched in 2008. Unitech would hire operators for managing...other real estate projects, Unitech is considering to raise Rs 8...the next five years to fund its telecom venture - Unitech Venture. The company is also...
- Telenor deal after value creation: Unitech.
- News wire article from: PTI - The Press Trust of India Ltd. November 9, 2008 700+ words
...deal after value creation: Unitech New Delhi, Nov 9 (PTI...Norwegian company, reality major Unitech today alleged that competitors...majority stake sale in the telecom venture where they have already invested...for over Rs 6,100 crore, Unitech explained that it was not...
- Unitech sells 60 pc in telecom arm for Rs 6,120 cr to Telenor.
- News wire article from: PTI - The Press Trust of India Ltd. October 29, 2008 700+ words
...value of 60 per cent stake sale to Telenor. Unitech said that Telenor would invest Rs 6,120...about Rs 2,000 crore transferred from Unitech's balance-sheet to the telecom venture Unitech Wireless' balance-sheet. Out of this...
- Telenor names top management, chief for Unitech Wireless.
- News wire article from: PTI - The Press Trust of India Ltd. February 19, 2009 700+ words
...Officer and Chief Marketing Officer of Unitech Wireless respectively, Telenor said...country's second largest realty player Unitech had announced the selling of 60 per cent stake in its telecom venture Unitech Wireless for Rs 6,120 crore (USD...
- Unitech sells 60 pc telecom stake to Telenor for Rs 6,120 cr.
- News wire article from: PTI - The Press Trust of India Ltd. October 29, 2008 700+ words
...Real estate major Unitech today announced selling...cent stake in its telecom venture for Rs 6,120 crore...into the country," Unitech's telecom venture Chairman Sanjay Chandra...enterprise value of Unitech's telecom business...
- Unitech in talks with telecom cos to divest stake.
- News wire article from: PTI - The Press Trust of India Ltd. October 24, 2008 700+ words
...According to sources, Unitech was looking to raise...stake in its nascent telecom venture, he said, "Telenor...any further details. Unitech has already invested Rs 2,000 crore in its telecom venture and plans to start operations...
- Unitech Wireless earmarks Rs 10,000 cr capex for three years.
- News wire article from: PTI - The Press Trust of India Ltd. June 16, 2009 700+ words
Unitech Wireless earmarks Rs 10,000 cr...s second largest realty firm, Unitech, today said its telecom venture has earmarked a capital expenditure...its services across the country. Unitech Wireless, the 32.75:67.25...
- Unitech-Telenor deal to be over by Jan '09.
- News wire article from: PTI - The Press Trust of India Ltd. December 26, 2008 700+ words
...transaction during January 2009," Unitech said in a filing to the Bombay Stock Exchange. Earlier in October, Unitech had announced the selling of 60 per cent stake in its telecom venture Unitech Wireless for Rs 6,120 crore (about...
Source: HighBeam Research, INDIA'S UNITECH IN TALKS WITH GLOBAL MAJORS FOR TELECOM VENTURE.