Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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Telenor, Idea win airwaves in 2G auction: official
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The Telenor logo hangs outside one of their stores in Stockholm October 26, 2007.
Credit: Reuters/Bob Strong/Files
NEW DELHI |
NEW DELHI (Reuters) - Norwegian telecommunications group Telenor ASA(TEL.OL) won airwave space in six Indian telecom zones in an auction, said a government official, retaining part of its operations after its permits there had been ordered to be revoked by a court.
Idea Cellular(IDEA.NS) won airwaves in all seven zones in which it was set to lose its permits after the court order, in a state auction that ended on Wednesday, the government official involved in the auction process said.
Videocon Telecommunications won airwaves in six zones in the auction that has drawn scant interest from bidders mainly due to a high starting price in the world's second-largest mobile phone market.
India was for the first time selling 2G mobile phone spectrum through an auction after the Supreme Court ordered the revoking of permits awarded to eight carriers in a 2008 scandal-tainted state grant process and their redistribution via open bidding.
(Reporting by Arup Roychoudhury; Editing by Sumeet Chatterjee)
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