Etisalat one of the largest telecom operators in UAE, today said that it has decided not to bid for 2G Spectrum in an India's auction scheduled in November.
Etisalat earlier February 22nd, 2012 shut down its Indian mobile operations - Cheers Mobile, after a Supreme Court's ordered to revoke mobile service license under 2G verdict.
The company said that "Etisalat Group has decided not to participate in the auction," said the UAE telecom major in a released statement as it is not willing to re-participate after being canceled its owned licences. Following the publication by Department of Telecomm (DoT) - India's Ministry of Communications and Information Technology of the information memorandum for the planned auction of spectrum in 1800MHz and 800MHz bands, the Emirates Telecommunications Corporation (Etisalat) wishes to confirm that it has decided not to participate in the auction."
Earlier it has said that the decision to windup its India operations and not to bid for upcoming auction of 2G Spectrum has been taken in order to protect the interests of all stakeholders and to avoid incurring further costs at this time of rapid change and continued uncertainty in the Indian telecommunications sector.