Telenor Still Holding Out For Further Reductions in Indian Spectrum Fees

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Norway's Telenor says that it may hold out for a further reduction in the reserve prices for India's forthcoming radio spectrum auction before deciding if it will participate.

The company set up a new mobile network joint venture last year to replace its Uninor investment and secured licenses in six circles but lost out on three others.

The government is planning a new auction in March and has already lowered the reserve fee by nearly a third following complaints that it was too high.

"The Government has been giving right signals to industry leaders. We are hopeful that the pricing issues would be resolved and we will wait for March. But as the indications stand, the reserve price is likely to be brought down," Telenor's President and CEO Jon Fredrik Baksaas told the Press Trust of India.

The company needs at least to secure a license in Mumbai where it is still operating the Uninor network and would have to otherwise close down the service.

On the web: Press Trust of India

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Tags: telenor  telewings  India 

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