Telenor, Idea win airwaves in 2G auction: official
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)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Full Article | Related Story