Telenor, Idea win airwaves in 2G auction: official

NEW DELHI Wed Nov 14, 2012 8:07pm IST

The Telenor logo hangs outside one of their stores in Stockholm October 26, 2007. REUTERS/Bob Strong/Files

The Telenor logo hangs outside one of their stores in Stockholm October 26, 2007.

Credit: Reuters/Bob Strong/Files

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Healthcare Corruption

REUTERS SHOWCASE

Deal Talk

Deal Talk

Exclusive - Lupin, U.S. firms weigh bids for GSK's mature drugs: sources  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Classifying Banks

Classifying Banks

RBI to start announcing too-big-to-fail banks in Aug 2015  Full Article 

Food Scandal

Food Scandal

Starbucks, Burger King dragged in as China food scandal spreads.  Full Article 

Bigger iPhones

Bigger iPhones

Apple asks suppliers to produce up to 80 mln large-screen iPhones - WSJ.  Full Article 

Wholesale Biz

Wholesale Biz

Wal-Mart adds $102.9 million in Indian wholesale business in June.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage