Telenor India posts huge operating loss, seeks spectrum at reasonable rates to continue operations
Telenor India has posted huge operating loss at NOK 3100 million in the first quarter, due to NOK 2.9 billion in impairment and write-down, the company said, and threatened to exit the Indian market if it fails to get spectrum at reasonable rates. While announcing the global results, Telenor global CEO Sigve Brekke said the company’s long terms presence in India is dependent on its ability to secure additional spectrum.... Read More
