Unitech gets spectrum space for telecom in WB
Unitech Wireless, the telecom arm of real estate major Unitech Ltd, said it has received 4.4 MHz of spectrum in the 1,800 MHz GSM band in the West Bengal telecom circle.india Updated: Jan 12, 2009 13:28 IST
Unitech Wireless, the telecom arm of real estate major Unitech Ltd, on Monday said it has received 4.4 megahertz (MHz) of spectrum in the 1,800 MHz GSM band in the West Bengal telecom circle.
With this, the company has been allotted initial spectrum in 21 service areas of India out of 22, a company statement said.
In October 2008, Unitech announced the selling of 60 per cent stake in its telecom venture Unitech Wireless for Rs.61.20 billion ($1.23 billion) to Telenor.
"The company signed a binding agreement with Telenor on October 28 and is now completing all the formalities. Both the parties have made significant progress on the transaction," the company said.
The Oslo-headquartered Telenor is a global provider of telecommunications, data and media communication services. Norway's Ministry of Industry and Trade owns 54 per cent of the company, which has operations in Europe and Asia.