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Telenor in talks to acquire Videocon majority stake - report

2015-05-07 14:22:00| Telecompaper Headlines

(Telecompaper) Telenor, the parent company of Indian operator Uninor, is in talks to acquire a majority stake in Videocon Telecom, The Economic Times reports, citing an unnamed person familiar with the matter. Videocon has an INR 5 billion liability towards the government. "A combination is a win-win for both. Videocon wants to exit the business and Uninor needs to expand in the market to stay relevant", the source said.

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