Published on January 6th, 2011 | by Babar Bhatti3
Telenor India: After Corruption Scandal
The corruption scandal in India is causing a number of issues for the telecom companies doing business in India. As a result of the scandal, companies have to go through a legal and regulatory process.
Telenor ASA, the Nordic region’s largest phone company, said it’s maintaining targets for its Indian unit Uninor, which is challenged by a corruption probe and an “unclear” regulatory environment.
The Indian government ordered Uninor and Emirates Telecommunications Corp. to prove the validity of their mobile- phone licenses, saying they were obtained in 2008 under false pretences. Uninor also paid a fine to India’s Department of Telecommunications for not meeting rollout obligations.
Telenor is “comfortable” with the position held in 2008 by Uninor’s predecessor, Unitech Wireless, Chief Executive Officer Jon Fredrik Baksaas said in an interview in Oslo today.