Uninor, a telecom operator, has said its foreign partner Telenor was committed to its investment in the joint venture with Unitech. Norwegian telecom firm Telenor has 67.25% stake in Uninor (a joint-venture between Telenor and Unitech) and was awarded Unified Access Service (UAS) licence along with start-up spectrum for nation-wide mobile services in 2008. It's target is to secure 8% market share by 2018.
Nine months after its debut in the Indian mobile-phone market, Telenor has accumulated about $ 556 million in operating losses. Uninor has stated that its ambition is to focus on being best on three things. In other Asian markets where Telenor operates, it is best-positioned on distribution and it wants to replicate that in India too.
Uninor is offering services in various circles and has accumulated a subscriber base of over 90 lakh at the end of August this year and has claimed to grown at 32% over the previous month.
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