Telenor wants 50 pct cut in Mumbai licence fee

Last Updated: Fri, Jan 25, 2013 11:00 hrs

Telecoms firm Telenor asked Indian authorities to reduce the licence fee for the Mumbai region by 50 percent, otherwise it would be nearly impossible to take part in the auction, Chief Executive Jon Fredrik Baksaas said on Friday.

"We expect the upcoming auction to be sub-optimal if the current price level is maintained - it will be comparable to the November auction, with limited participation," Baksaas told Reuters after meeting with Indian officials in Davos.

"It is nearly impossible to participate in the Mumbai auction at the current price level," he said after discussing several topics with Indian officials.

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