Published on February 8th, 2012 | by Arsalan Mir1
Telenor Plans Further Investment in Pakistan Operations
Almost at the verge of its operational collapse in India as a result of its license being cancelled on account of spectrum auction curruption case, the Ab Mera Number Hai operator Telenor is reported to shift its financial focus in Pakistan and double their investment here.
Report from an English daily in Norway, The Foreigner, also states that Telenor is content with relaxed policies of Pakistani Authoriries as compared to the counterpart in India.
It is worth mentioning here that the news of such investments from Telenor comes at the time when it has posted 20% revenue growth in the last quarter and is in the race to bid for the upcoming 3G spectrum auctions in March 2012.
Excerpt from the report follows:
Telenor representatives immediately approached the Pakistan Telecommunication Authority Chairman to set their forthcoming agenda in Pakistan following the revocation of partner Uninor’s license in India. Senior sources in the office of the PTA Chairman informed The Foreigner that Telenor is to invest double the amount in Pakistan after winding up their business in India.
These officials also revealed that Telenor is content with the PTA’s relaxed policies compared with the very strict rules and regulation and their implementation in India.
Pakistan Telecommunication Authority Chairman Dr. Muhammad Yaseen, who has already been the subject of media criticism for being extra favorable to Telenor, refused to comment on this issue when approached by The Foreigner by mobile.
No senior Telenor representatives in Pakistan would make any statement to The Foreigner regarding the current situation and revocation of the Uninor license in India either. Company Corporate Media Communication heads are trying to the stop the publication of the news by major media outlets in Pakistan by pressuring journalists and media moguls.
Telenor in Norway has not commented on the issue after being contacted by The Foreigner.
via The Foreigner