Uninor cuts back on Indian 2G network

Indian cellco startup Uninor has cut back on its rollout to cut up to 35 billion rupees (€506 million) out of the cost of the 2G network.
The operator, which is soon to be 67.25% owned by Norway's Telenor, has secured agreements with around 1,000 distributors at 300,000 points of sale, Telenor said
Installation is progressing smoothly, with around 12,000 base stations completed to date.
The capex reductions, which have also been achieved by negotiating more favorable supply deals.
will shave an unspecified sum from the project's estimated peak funding of 155 billion rupees, Telenor added.
Indian regulators have approved Telenor's proposal to increase its stake in Uninor to 67.25%.