Trai’s auction proposal that already faced refusal from the five top telecom companies is now opposed by a great disapproval from side of Norway’s Telenor that has showed it recently by written downing its 3.9 billion Norwegian crowns ($680.9 million) assets in India.
The company’s downing decision is forthcoming step to exit from Indian market if the government approved Trai’s proposal to hike reserved price upto to 13 times the price used in 2008.
As per the latest technology sector reports, the new telecom operator Uninor, a JV between Telenor of Norway and Unitech, today announced that the company will take part in 2G spectrum auction though the company did not rule out exit option from the Indian market.
The announced was made when Uninor managing director and Telenor’s Asia head Sigve Brekke talking got media, he said, “In principle we will go for auction but I am not saying that whether we will win everything … So, the option of exit cannot be ruled out.”
He added that the company will soon finalize its policies after going through the base price and the reserve price for the spectrum.
Earlier, the licence of Uninor has been cancelled by the Supreme Court along with other new operators. Supreme Court’s judgment last week orders to cancel the licences of 122 2G licences in connection of illegally in January 2008 by ex-telecom minister A Raja.
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