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.

Further, the Supreme Court orders the national government to bring fresh recommendations from regulator Trai to allocate licences as well as spectrum through auction and complete the process within four months.

When asked to Mr. Sigve Brekke that whether the company would bid for all the circles, he said, “At this time it is difficult to say whether we will bid or not or for how many circles … we have to see the base price first.”

However, Sigve Brekke declared that the auction should be amid the new operators in the same manned as it was in 2008 and current players, who already have spectrum, should not be allowed to participate.