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India is set to grant Telenor the necessary security clearance to increase its stake in Unitech Wireless to the legal maximum of 74%, with the condition that no employees from Telenor’s Pakistan subsidiary work for the Indian company.
According to the Economic Times newspaper, the Foreign Investment Promotion Board (FIPB) was due to approve the investment, but delayed its decision pending a review of the security situation. The idea is that keeping the human assets of Telenor’s Indian and Pakistani arms separate is expected to take care of risks such as spying and subversion.
On the similar note, there have been unconfirmed rumors that Telenor is talking to China Mobile about selling its Pakistan subsidiary.
For the record, Unitech Wireless has pan-Indian telecommunications licences in all 22 telecom circles, and plans to launch its services in mid 2009.
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
