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.
In place of SEZ status, The Bengal Govt. is offering several sops to the India’s largest IT Firm Infosys, sending notice for informing that it can not recommend its project for special economic zone (SEZ) status.
As per govt. statement, within a week a communique is send to Infosys that would also state the sops like Value-added tax ( VAT) relief, soft loans, sops in power tariff and being a sovereign guarantor to the company in any kind of loan it takes.
However there are four IT Companies, projected their SEZ status in State – Wipro, Unitech, DLF and Bantala. But IT firm Wipro is still facing problem of due payment in SEZ status because it had made payment only 25% of the total amount of 50 acres plot that purchased from Hidco in Rajarhat Action Area III.
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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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