Bharti Airtel is engaged in the business of providing global telecommunications with operations in 17 countries across Asia and Africa. In India, the Transferee Company products Offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH, Enterprise services including national and international long distance services to carriers.

TELENOR HISTORY

Telenor India is ultimately owned by Telenor ASA, a global telecom company with direct presence in 13 countries. Telenor India currently provides mobile services in six telecom circles (Andhra Pradesh, Assam, Bihar, Gujarat, Uttar Pradesh (East and West) and Maharashtra) in India with a subscriber base of over 54.3 million as of December 2016. In addition, Telenor India has 1800 MHz spectrum in Assam.

The Unitech Group started with operation of the company. Then Unitech Group and Telenor Group enter a joint venture where Telenor would inject fresh equity investments of ₹61.35 billion (Rs. 6,135 crore) into Unitech Wireless to take a majority stake (67.25%) in the company. In September 2009, Unitech Wireless announced its brand name as Uninor.

In February 2012, the Supreme Court of India cancelled 122 licenses of 22 mobile operators, including Uninor. In July 2012, Uninor decided to gradually scale down operations in four telecom circles – Karnataka, Kerala, Orissa and Tamil Nadu. Uninor eventually shut down services in those four circles. In the 2012 auction, Uninor won back licences and spectrum in six telecom circles – Uttar Pradesh (East), Uttar Pradesh (West) & Uttarakhand, Bihar & Jharkhand, Gujarat, Maharashtra & Goa and AFollowing the cancellation of Uninor’s licences, Unitech and Telenor were involved in a dispute over control of Uninor.

In October 2012, the two companies signed an agreement under which Unitech transferred Uninor assets to Telenor and exited the joint venture. The exit to the stake held by Unitech 32.75% was not disclosed but it was approx Rs 1000 crore. Telenor subsequently formed Telewings Communications Services Private Limited, a joint venture with Lakshdeep Investments & Finance (Sudhir Valia). Telenor held a 49% stake in Telewings.

Lakshdeep contributed an agreed amount of equity into Telewings. On successful participation in the upcoming spectrum auctions and post all required government approvals, Telenor Group raised its stake in the company to 74% with investment of Rs 1,000 crore. Telenor Group will maintain operational control and upon necessary approvals all assets of Unitech Wireless (Uninor) will be transferred to this company for seamless continuity of operations.

In 2014, the Telenor Group raised its stake to control 100% of Telewings with investment of Rs 780 crore, and the company became a wholly owned subsidiary. On 23 September 2015, Uninor announced it has re-branded itself as Telenor India. The Telenor Group spent ₹100 crore on the re-branding exercise. Telewings Communications Services Private Limited was subsequently renamed Telenor (India) Communications Private Limited.

TRANSACTION

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