The Telenor Group wants to prevent any wrongful obstruction of its effort to secure its investments
Norwegian company Telenor and its Indian partner, Unitech, have moved the Company Law Board (CLB), trading charges against each other over the control of their joint venture, Uninor.
In a statement here, the Telenor Group said it wanted to prevent any wrongful obstruction of its effort to secure its investments in the country.
“On February 24, we have moved the CLB to prevent any wrongful obstruction of our effort to secure our investments and the welfare of Uninor's four crore customers, employees and partners. We are not able to comment any further since this matter is now sub-judice,'' the statement said.
Similarly, Unitech said its petition was aimed at preventing the Norwegian firm from assuming full control over the business, including assets of their mobile brand Uninor. Stating that it was sensitive to the interests of customers, employees, and other stakeholders of Uninor, Unitech said it would continue to resist any mala-fide and/or unilateral action by Telenor.
“Unitech has filed a fresh petition in the CLB on Monday to enforce its rights under the Articles of Uninor and to prevent Telenor from assuming full control over the business including assets of Uninor,'' the company said in a separate statement.
“In fact, even prior to the Supreme Court's order on striking down the policy of the government with respect to the grant of UAS licences to telecom companies, Telenor has been pursuing the sole objective of pushing Unitech out of Uninor and assuming complete control over Uninor in abrogation of all the rights of Unitech under the Articles of Uninor,'' Unitech added.