Mumbai telecoms licence cost must come down - Telenor CEO
OSLO (Reuters) - India must significantly cut the price of mobile telephone licences in the Mumbai region for Telenor (TEL.OL) to stay, Chief Executive Jon Fredrik Baksaas said on Tuesday.
The Supreme Court allowed on Monday mobile phone carriers, whose permits were due to be revoked this week as per an earlier court order, to continue services until it hears the case next on February 4.
"There is still no doubt that the price must be significantly lowered to make it possible for us to stay in Mumbai," Baksaas told Reuters on the sidelines of a conference.
(Reporting by Joachim Dagenborg)
- Tweet this
- Share this
- Digg this
A pick-up in retail inflation to its fastest pace on record will likely force Reserve Bank of India chief Raghuram Rajan to raise interest rates for a third time on Wednesday, crimping growth prospects for an already fragile economy. Full Article
Asia-Pacific M&A volume falls for third consecutive year, deal size grows. Full Article