Sigve Brekke, executive vice president, Telenor Group and head of Telenor?s Asia operations is believed to have said that the rights issue, planned by Unitech Wireless, to raise $1.68 billion, will take place in 2012.
Brekke added that the operator has not appointed any adviser for the capital raising process. Telenor owns 67.25 per cent of the joint venture, while Unitech owns the remainder.
