Norwegian telecoms group Telenor inched closer in its battle to be allowed to bid in India’s upcoming 2G auction without a local partner, after a ministerial panel endorsed a plan to allow foreign telcos to participate.
The Empowered Group of…
Norwegian telecoms group Telenor inched closer in its battle to be allowed to bid in India’s upcoming 2G auction without a local partner, after a ministerial panel endorsed a plan to allow foreign telcos to participate.
The Empowered Group of Ministers (EGoM), headed by finance minister P Chidambaram, made the decision on Wednesday, according to media reports.
Foreign entities looking to bid in the 2G spectrum auction will currently be unable to bid without a local partner.
Telenor had entered into a JV with real estate company Unitech, but as TelecomFinance previously reported, is looking for a new partner following a bitter dispute over management.
When approached today, Telenor refused to comment on the matter prior to the auction.
