Telenor Pulls Share Sale, Drops Payout to Fund India

Telenor ASA, the biggest Nordic phone company, pulled a 12 billion-krone ($1.8 billion) rights offer and said it will pay for its investment in India’s Unitech Wireless with more debt and cash saved by scrapping dividends. 

To read the entire article written by Benedikt Kammel on Bloomberg.com, click here.