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Telenor seeks to lift court order on Uninor issue

Norway’s Telenor in a statement said on Friday that it had approached an Indian court to lift a “stay order” imposed on a proposed rights issue to raise funds for its local mobile phone unit Uninor. Telenor said in a statement the Uninor board had decided to launch a rights issue to meet funding requirements, but the process was halted after the court order.

Telenor did not say who had requested the court’s stay order on the launch of the rights issue. It also did not give the amount it was planning to raise through the share issue. (Continue Reading…)

Uninor launches two new packs for AP Circle

Uninor unveiled a special local and STD calling package for its subscribers across Andhra Pradesh. Known as the ‘All India Pack’, this pack is available for a recharge of Rs. 199 & provides 500 STD and/or local minutes to any service provider anywhere in India. Additionally, customers will also be able to enjoy 500 local Uninor to Uninor minutes. The pack is valid for 30 days.

Additionally, for customers with solely local calling needs, Uninor has also launched a Local On net pack of Rs. 17 with which a customer gets 10000 seconds of Local Uninor to Uninor voice calls for a duration of 30 days. (Continue Reading…)