Telenor bags spectrum in 6 telecom circles- Business News

Telenor bags spectrum in 6 telecom circles

 PTI   New Delhi     Last Updated: November 15, 2012  | 00:23 IST

Telenor Group on Wednesday announced that the company has been successful in securing spectrum license to provide mobile telephony services in six telecom circles in India.

"Telenor's total bid in the spectrum auction was Rs 4,018 crore of which 33 per cent is to be paid up front. The Indian Department of Telecommunications has informed Telenor that the company secured 5 MHz of spectrum in Andhra Pradesh, Uttar Pradesh East, Uttar Pradesh West, Bihar, Gujarat and Maharashtra," the company said.

With a total population of about 600 million people and an actual mobile phone customer penetration of just 40 per cent, these states represent a strong growth opportunity for Telenor Group, the company said.

All Uninor assets in these circles, including customers, employees, partners and infrastructure will be seamlessly transferred to the new company and services will continue uninterrupted, it added.

Telenor said it was not awarded spectrum in Mumbai, Kolkata and West Bengal. In these circles operations will cease in accordance with Indian law and regulations, it added.

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