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India asks regulator to clarify on 2G auction prices, after protests

John Ribeiro | May 2, 2012
India's Telecom Commission has asked the country's telecom regulator to clarify on proposed reserve prices for an auction of mobile spectrum, following protests from companies and industry associations that the prices were too high.

Telenor has meanwhile taken a write-down on its remaining Indian assets, describing its as a precautionary measure. After the NOK 3.9 billion ($682 million) write-down, Telenor will not have further accounting exposure related to India as of March 31, 2012, it said. The company had earlier this year written down NOK 4.2 billion related to licenses and goodwill in India.

 

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