Telenor India unit to shut Mumbai operations after court order

NEW DELHI Sat Feb 16, 2013 9:29pm IST

A man speaks on a mobile phone in front of a closed shop displaying an advertisement for Uninor on its shutters in Mumbai February 6, 2012. REUTERS/Danish Siddiqui

A man speaks on a mobile phone in front of a closed shop displaying an advertisement for Uninor on its shutters in Mumbai February 6, 2012.

Credit: Reuters/Danish Siddiqui

Related Topics

Stocks

   

NEW DELHI (Reuters) - Telenor's India unit said on Saturday it would close down its mobile phone services in Mumbai zone immediately after a court ordered that carriers whose permits were revoked and did not win fresh rights to airwaves must stop services.

Telenor's permits in 22 zones were among those ordered to be revoked by India's supreme court last year after a massive scandal over the grant of cellular licences in a 2008 sale.

Telenor won rights to airwaves in six of those zones in an auction in November and has said it might decide to bid for spectrum in Mumbai zone in an auction due in March.

"Unfortunately, we have no choice now but to follow the court's order and close down our network immediately," Sigve Brekke, managing director of Telenor's India operations, said in a statement.

The Telenor unit had 1.8 million customers in Mumbai as of December.

(Reporting by Devidutta Tripathy; editing by James Jukwey)

FILED UNDER:

Reuters Showcase

GDP Growth

GDP Growth

India revises up 2013/14 GDP growth to 6.9 percent.  Full Article 

Adani Restructuring

Adani Restructuring

Adani hives off power, ports businesses to boost growth.  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

ICICI Results

ICICI Results

ICICI sets quarterly record profit as Q3 net rises 14 pct  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

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