A wide of commentators and opposition politicians are calling on Norway’s government coalition to be very careful about helping Telenor when corruption is involved. They claim Telenor must have known it was taking a huge risk investing so heavily in India, and now must pay the price. Officials of both the Conservative Party and the Progress Party are calling for an investigation into just what Telenor knew about how Unitech acquired its licenses, and what Telenor has told its biggest owner, the state in the form of Giske. Newspaper Aftenposten reported over the weekend that both Norvik, who has long ties to Labour, and Telenor chief executive Jon Fredrik Baksaas will likely hang on to their jobs since the company some peace” to tackle the trouble in India. Baksaas has “needs also survived other major problems after his expansive moves into Russia, Bangladesh and Hungary. What’s most important now, say analysts and government officials, is to secure Telenor assets in India and cut losses. Giske told newspaper Dagsavisen that the Norwegian government has great respect for the Indian court system and won’t get involved in the legal withdrawal of the licenses all.” Telenor must deal with the consequences of the “at court ruling. Giske noted, however, that since Telenor has invested billions in the Indian market, the government may involve itself in the political aspects of a new licensing round. UNINOR India, Uttar Pradesh Consumer complaints and reviews about UNINOR
A wide of commentators and opposition politicians are calling on Norway’s government coalition to be very careful about helping Telenor when corruption is involved. They claim Telenor must have known it was taking a huge risk investing so heavily in India, and now must pay the price. Officials of both the Conservative Party and the Progress Party are calling for an investigation into just what Telenor knew about how Unitech acquired its licenses, and what Telenor has told its biggest owner, the state in the form of Giske. Newspaper Aftenposten reported over the weekend that both Norvik, who has long ties to Labour, and Telenor chief executive Jon Fredrik Baksaas will likely hang on to their jobs since the company “needs some peace” to tackle the trouble in India. Baksaas has also survived other major problems after his expansive moves into Russia, Bangladesh and Hungary. What’s most important now, say analysts and government officials, is to secure Telenor assets in India and cut losses. Giske told newspaper Dagsavisen that the Norwegian government has great respect for the Indian court system and won’t get involved in the legal withdrawal of the licenses “at all.” Telenor must deal with the consequences of the court ruling. Giske noted, however, that since Telenor has invested billions in the Indian market, the government may involve itself in the political aspects of a new licensing round. UNINOR India, Uttar Pradesh Consumer complaints and reviews about UNINOR