Aditya Birla Group’s telecom arm Idea Cellular is learned to be in talks for a likely buyout of Norwegian telecom giant Telenor’s fully-owned India business.
Sources said the CEOs of the two companies have met.
Telenor recently wrote off Rs 1,879 crore as impairment — meaning that some of the investments it made in India will never see return-on-investment.
“We are in India to make money... If we cannot see that return through either an auction, participation in an auction, or through a...
Idea might acquire Telenor
Sources said the CEOs of the two companies have met.
Telenor recently wrote off Rs 1,879 crore as impairment — meaning that some of the investments it made in India will never see return-on-investment.
“We are in India to make money... If we cannot see that return through either an auction, participation in an auction, or through a...
Idea might acquire Telenor