Telenor may participate in re-auction of licences

1 Jun 2012

Sigve Brekke, the head of Telenor’s Asia business, has told the Economic Times in an interview that the Norwegian company may still be willing to participate in the eventual re-auction of India’s GSM licences, provided proposed modifications to the auction are implemented. Telenor’s local joint venture with Unitech, Uninor, lost all of its licences earlier this year, and the telco had said it would not be participating in the re-auction due to high prices and limited spectrum availability. However, Telenor is encouraged by the recent news that the Telecom Commission, the highest decision-making body within the country’s telecoms ministry, is to ask the sector regulator, the TRAI, to conduct a detailed study on the base price for the proposed airwaves auction and the amount of spectrum to be made available. ‘We are happy [the Telecom Commission] have opposed the stringent rollout obligations specified by the TRAI,’ Brekke said. ‘The commission has also not approved the reserve price proposed by the TRAI, and this is positive for us because there may be some considerations in the government to reduce the minimum price.’

India, Telenor Group, Telenor India