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Telenor ups stake in India phone firm as planned
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Unitech Wireless has received 14.93 billion rupees ($327 million) from Telenor, giving the Norwegian firm a further 11.1 percent stake and taking its holding to 60.1 percent in the Indian telecoms operator.

Unitech Wireless, which was founded by Indian realty Unitech Ltd, said in a statement on Friday it got the money on Thursday as part of a plan that would eventually give Telenor 67.25 percent.

In December, Unitech Wireless launched mobile phone services in seven of India's 22 telecom zones under the Uninor brand.

The company holds telecom licences for all of India, and is aiming for 8 percent of the Indian mobile market by 2018.
India is currently the world's fastest-growing and the second-largest wireless market with more than 500 million users.

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