Norway’s Telenor has written down the value of its Indian business by NKr2.3bn (US$282.3m), with CEO Sigve Brekke saying the telco’s long-term presence in the country depends on its ability to obtain additional spectrum at reasonable prices. Speaking during a presentation on the company’s Q1 2016 results, Brekke acknowledged that Telenor India is “not able to compete with […]