Telecom Lead India: Fresh
troubles are brewing for mobile service provider Telenor in India.
Recently, a local court in Gurgaon restrained Telenor from
participating in auction of spectrum in association with any firm other than
Uninor, its joint venture with Unitech.
negotiate, engage in or financially being interested in the auction processes
conducted by the government/government agencies for fresh allotment of
licenses/spectrum, other than through Unitech Wireless.
Norway’s top telecom service provider Telenor holds 67.25
per cent stake in Unitech Wireless, while Unitech holds 32.75 percent.
its joint venture with Unitech and participate in the auction of spectrum with
a new partner.
court order.
Telenor said the Punjab and Haryana High Court has today
directed the Gurgaon District Court to finalize its proceedings before
September 20 regarding the matter of Telenor Group’s participation in the
spectrum auction. Next hearing in Gurgaon District Court will be on September
4.
Telecom companies interested in buying spectrum through
auction will have to submit their application by October 19 and the bidding for
the airwaves is scheduled to start from November 12. The Supreme Court has
extended validity of cancelled licence till Januray 18, 2013.
