Telenor has decided against participating in the upcoming spectrum sale in India, signalling the Norwegian mobile phone operator's clear intent of exiting a market where it has been making losses and has struggled to expand operations.
The Nordic mobile carrier has "after thorough consideration, decided not to participate in the upcoming spectrum auction (in India), as we believe the proposed spectrum prices do not give an acceptable level of return," Sigve Brekke, CEO at Telenor Group,...
Telenor signals India exit, says won't participate in spectrum sale
The Nordic mobile carrier has "after thorough consideration, decided not to participate in the upcoming spectrum auction (in India), as we believe the proposed spectrum prices do not give an acceptable level of return," Sigve Brekke, CEO at Telenor Group,...
Telenor signals India exit, says won't participate in spectrum sale