Norways Telenor could exit India if licence prices at an upcoming auction prove expensive,the head of the mobile phone operators Asian operations said on Tuesday. It is conceivable that Telenor could pull out of India, Asia chief Sigve Brekke told reporters. If we do not believe we can meet our profitability targets,we will exit. Telenors Indian subsidiary is among carriers whose permits are set to be offered again after the original auction was tainted by corruption. A ministerial panel is expected to meet this week to flesh out conditions for the new August 31 auction.
Written by Reuters | Oslo | Published:June 20, 2012 1:23 am