Telenor's Indian mobile phone joint venture said today it has received notices from the country's tax office stating that Unitech shares in the venture have been 'attached'.
The joint venture, which operates under the Uninor brand name, did not give details. It, however, said in a statement the move would not have any effect on the operations of the telecoms company.
Telenor owns 67.25% in the venture, while real estate company Unitech owns the remainder.
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The joint venture, which operates under the Uninor brand name, did not give details. It, however, said in a statement the move would not have any effect on the operations of the telecoms company.
Telenor owns 67.25% in the venture, while real estate company Unitech owns the remainder.
....more info