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Norway-based Telenor Group has made the payment of the first installment of Rs 1,250 crore in Unitech Wireless that gave it a stake of 33.5 per cent in the telecom JV.
With this investment, the Norwegian company has made a formal entry into the world’s fastest growing telecom sector.
Speaking on this, Telenor Group President and CEO, Jon Fredrik Baksaas said, “This marks the formal entry of Telenor into the world’s fastest growing mobile market and we are now embarking on an operational phase, and the preparations for the launch of our services.”
Trondheim, Norway - Michael Greis enjoyed his second win of the biathlon World Cup season and the 11th of his career Thursday when the German claimed victory in a men's 10-kilometre sprint in Trondheim.
The three-time Olympic champion produced perfect shooting in the range to win in a time of 26 minutes 11.3 seconds.
Oslo - Threats to polar bear populations, mainly due to climate change, were the topic of a three-day meeting that opened Tuesday in the northern Norwegian city of Tromso.
"Climate change has superceded hunting as the main threat to polar bears. We have to act to protect the habitat of the polar bear," Norwegian Environment Minister Erik Solheim said in his opening remarks.
"Global warming has to be stopped if we are to succeed," he added.
Oslo - A small plane, parked in a hangar in northern Denmark, caused a scare Monday after it transmitted distress signals that were picked up by other planes, reports said.
Several planes flying over Kristiansand, southern Norway including a plane operated by carrier British Airways picked up the signals and alerted the southern Norwegian Joint Rescue Coordination Centre based in Stavanger.
Vikersund, Norway - Anssi Koivuranta of Finland clinched the Nordic combined skiing World Cup title on Sunday with an eighth-place finish in the season-finale won by American world champion Bill Demong.
Koivuranta, 20, only required 29th place to clinch the title in the case that Norwegian rival Magnus Moan won, and all speculation ended when the Finn placed fourth in the morning ski-jumping portion.
Demong got his fifth season win by clocking 26 minutes 31.6 in the 10-kilometres cross-country pursuit, ahead of Norwegians Petter Tande (9.8 seconds behind) and Mikko Kokslien (10.3).