New delhi: Telecom operator uninor monday said its majority shareholder telenor has settled all of the company’s loans amounting to rs 9,809 crore after lenders turned down its request for extension of loans.norwegian firm telenor holds 67.25 percent stake and the rest is held by indian realty company unitech and its subsidiaries.
Earlier, telenor had said that lenders of uninor have issued default notices to the firm for non payment of loans and as of july 23, telenor asa has received guarantee claims of total nok 3.6 billion (rs 3,382 crore) and default notice from most of the lenders.in february, the supreme court had ordered cancellation of 122 telecom licences including 22 held by uninor, a joint venture between telenor and indian real estate firm unitech.telenor is seeking to scrap the jv with unitech and plans to migrate its business to a new company.
