Deals
Telenor Said Close to Selling Stake in Indian Wireless Unit
This article is for subscribers only.
Telenor ASA, the Nordic region’s biggest phone operator, is close to an agreement to sell a 26 percent stake in its Indian mobile phone operations, said two people with knowledge of the matter.
Telenor plans to sign a deal with an investor linked to Sun Pharmaceutical Industries Ltd., India’s biggest drugmaker by market value, one of the people said, asking not to be identified because the discussions are confidential. An announcement may come as early as today, the people said.