India’s Foreign Investment Promotion Board (FIPB) has refused to approve Norwegian telco Telenor’s proposals to float a new joint venture, reports the India Express. Currently in the midst of breaking from Unitech, its current partner in joint venture Uninor, the Norwegian firm was looking to ensure that it could continue to provide wireless services after 2 June 2012 when its concessions are revoked
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OVETEL Telenor premature in FIPB talks
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