{"id":15779,"date":"2012-02-21T19:27:50","date_gmt":"2012-02-21T19:27:50","guid":{"rendered":"http:\/\/www.drishtikone.com\/?p=15779"},"modified":"2012-02-21T19:27:50","modified_gmt":"2012-02-21T19:27:50","slug":"telenor-gives-chief-2g-scam-company-unitech-a-run-for-its-money","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/drishtikone\/2012\/02\/telenor-gives-chief-2g-scam-company-unitech-a-run-for-its-money\/","title":{"rendered":"Telenor gives Chief 2G Scam Company – Unitech – a run for its money"},"content":{"rendered":"\n<\/head>

Telenor is one of the companies whose licenses got cancelled by the Supreme Court, after the Government dragged its feet on the 2G scam.<\/p>\n

Well, Telenor \u2013 the Norwegian company that was impacted isn\u2019t happy and is ready to play tough ball with the Indian system. \u00a0The company will take all its assets to a new company<\/a> and apply for new licenses. \u00a0Huh!!? \u00a0So, just a change in the name would do a \u201cDip in the Ganges\u201d for her? \u00a0The real issue in case of Telenor \u2013 brought out by CBI and completely ignored and disregarded by the Indian Govt, for the personal profit of the ministers \u2013 was that the equipment for Telenor is sourced from China. \u00a0Knowing how China loves to bug things for surveillance, using Chinese Telecom equipment through the length and breadth of India would be disastrous.<\/p>\n

Norway\u2019s Telenor on Tuesday dumped its Indian telecoms partner which it accused of \u201cfraud and misrepresentation\u201d and said it would migrate its Indian business into a fresh venture to seek new operating licences.<\/p>\n

The latest twist in India\u2019s mobile phone licensing scandal came only weeks after Telenor said it might abandon India. The Indian Supreme Court on Feb 2 revoked 22 mobile licences held by Telenor\u2019s Uninor joint venture in an anti-corruption ruling against several operators.<\/p>\n

\u201cThe new company will be the platform to approach the fresh licence auctions with,\u201d Telenor said, adding that the new venture would take over Uninor\u2019s customers and employees.<\/p><\/blockquote>\n

Now, remember that Telenor was surreptiously admitted into India by an unscrupulous company \u2013 Unitech. \u00a0But by this move \u2013 the Chief Scaming Company \u2013 Unitech is all up in arms.<\/p>\n

It is like the Robber is looting a Dacoit in broad day light!<\/p>\n

Indian venture partner Unitech said Telenor\u2019s move was \u201cshocking\u201d and illegal. Unitech said in a statement the move \u201cnot only shows complete disregard and oppression of the minority shareholder by Telenor, but is also against all principles of related party transactions.\u201d<\/p>\n

\u201cTelenor cannot transfer any assets of Uninor without the consent of Unitech because we have veto right in the shareholders\u2019 agreement as well as in the articles of association for such matters,\u201d it added.<\/p>\n

Telenor said \u201cfraud and misrepresentation\u201d on Unitech\u2019s part voids the shareholder agreement, allowing Telenor to transfer Uninor\u2019s business into a new company at a fair market value.<\/p>\n

Telenor said it would seek approval to own 74 percent of the new company but a spokesman declined to discuss who the new partner may be. The Uninor joint venture has been among the most aggressive of India\u2019s newer telecoms companies. It has close to 40 million customers, or more than 4 percent of the market.<\/p><\/blockquote>\n

Remember so many incidents where the Brits used one king to bring the other down, and the first thing after defeating and finishing off the first king they would do is kill the guy who helped! \u00a0Doesn\u2019t the entire plan sound all to familiar? \u00a0A traitor, someone to take advantage of their small egos and even lesser national pride and then the benefactor of betrayal executing the traitor. \u00a0The story plot hasn\u2019t changed in so many centuries!!<\/p>\n

Interesting days ahead!<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

Telenor is one of the companies whose licenses got cancelled by the Supreme Court, after the Government dragged its feet on the 2G scam. Well, Telenor \u2013 the Norwegian company that was impacted isn\u2019t happy and is ready to play tough ball with the Indian system. \u00a0The company will take all its assets to a […]<\/p>\n","protected":false},"author":1517,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101,33,57],"tags":[],"class_list":["post-15779","post","type-post","status-publish","format-standard","hentry","category-corruption","category-india","category-politics"],"yoast_head":"\nTelenor gives Chief 2G Scam Company - Unitech - a run for its money<\/title>\n<meta name=\"description\" content=\"Telenor is one of the companies whose licenses got cancelled by the Supreme Court, after the Government dragged its feet on the 2G scam. 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