Telenor’s India Plan Faces Difficulties from Telenor Shareholders

Telenor’s aggressive plan to enter the rich Indian mobile market by taking 60% shares in Unitech (a start-up mobile operator) is facing strong opposition back at home. Telenor is said to finding alternates to complete its plan.
The day Telenor unvieled its plans to buy 60% shares in Unitech India, its share price fell by 26%. [...]