On the sidelines of announcing its quarterly results, Norway’s Telenor said that it estimates that its joint venture with Indian new entrant Unitech may incur a capex of $ one billion in 2009.

"Telenor expects that the investment in India will contribute with marginal increase in organic revenues, an EBITDA loss in the range of 22.5 billion Norway Kroner and capex in the range of 5.5-6.5 billion Kroner for 2009," said the company.

"We have decided that the investment in Unitech Wireless in India will be financed through a combination of cash generated from operations and additional debt," added Telenor''s President and Chief Executive Officer Jon Fredrik Baksaas when asked about the mode for infusing funds into the JV.