Technoglitch
Core Member
“Telenor Group wishes to clearly state that if the reserve price for 1,800MHz spectrum is not reduced by at least 50%, it will not be able to bid for Mumbai. We now look to the DoT (Department of Telecommunications) and the Hon’ble Supreme Court for an intervention that ensures that the second round of auctions do not also fail,” the company said in a statement on Wednesday.
The Cabinet last month approved a proposal by the empowered group of ministers to cut the reserve price of the spectrum in the circles which did not draw even a single bid in the November auction by 30%. These circles are Delhi, Mumbai, Karnataka and Rajasthan.
Pre-paid tariffs in Mumbai are likely to double if Telenor exits the city, hurting mobile phone users, Telenor said in the statement.
Telenor also expressed concern about the way the government has treated the pricing of 800MHz CDMA spectrum and the 1,800MHz GSM spectrum. The Cabinet had earlier this month cut the reserve price for 800MHz CDMA spectrum by 50% after the auction in November was cancelled as there were no bidders for the airwaves.
Won’t bid for spectrum unless price is cut further, says Telenor - Livemint
The Cabinet last month approved a proposal by the empowered group of ministers to cut the reserve price of the spectrum in the circles which did not draw even a single bid in the November auction by 30%. These circles are Delhi, Mumbai, Karnataka and Rajasthan.
Pre-paid tariffs in Mumbai are likely to double if Telenor exits the city, hurting mobile phone users, Telenor said in the statement.
Telenor also expressed concern about the way the government has treated the pricing of 800MHz CDMA spectrum and the 1,800MHz GSM spectrum. The Cabinet had earlier this month cut the reserve price for 800MHz CDMA spectrum by 50% after the auction in November was cancelled as there were no bidders for the airwaves.
Won’t bid for spectrum unless price is cut further, says Telenor - Livemint
