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Vodafone in advanced talks to buy out Telenor's India ops: Srcs

rahul1117kumar

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CNBC-TV18 learns from sources that Vodafone India is in advanced talks with Telenor to buy out its India operations for over a billion dollars.

Norway-based Telenor has taken a decision not to participate in the spectrum sale, which will take place most likely in September. It is believed that Telenor will exit India.

Vodafone India, whose initial public offering (IPO) is expected sometime next year, has been ramping up its 4G play and recently tweaked its data offerings to attract more customers.

Telenor has spectrum in the 1800 Mhz band in seven circles out of India's 22 zones and operations in six.

Vodafone in advanced talks to buy out Telenors India ops: Srcs
 
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