Norway's Telenor is in talks to merge its Indian operations with Tata Teleservices to gain a bigger foothold in the world's second-biggest mobile phone market. Telenor, which won rights to operate in six Indian zones in an auction, is looking to take a majority stake in the merged entity. The deal sees India's Tata Group cutting its stake in unlisted Tata Telservices, the country's No. 6 mobile phone carrier. Japan's NTT DoCoMo, which owns a 26 percent stake in the company, will retain its holding in the combined entity.
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