Country's second largest real estate player Unitech Ltd today said it would dilute 26 per cent stake in its telecom arm to a strategic foreign partner, for which it was in discussion with a few telecom firms
“We are looking for a minority dilution of 26 per cent stake to a strategic foreign player in Unitech Wireless,” Unitech Ltd managing director Mr Sanjay Chandra told reporters.
Unitech Wireless, which has bagged a pan-India GSM licence, has already got the crucial spectrum for five circles. (Statesman)