The Telecom Regulatory Authority of India last week recommended that the government should auction 5 MHz of airwaves in the 1800 MHz band and companies will have to pay a minimum Rs 3,622.18 crore (Rs 36.22 billion) for every unit of spectrum.
The apex court had on February 2, last year cancelled 122 licences for 2G spectrum and had directed the department of telecommunication to hold fresh auction for them within four months.
Telenor of Norway and Sistema of Russia - on Friday asserted that they would take legal measures.
As the new owner, Airtel will take over Telenor India's spectrum, licences and operations, including its employees and customer base of 44 million.
Norwegian firm Telenor, the majority partner in Uninor, has asked Sanjay Chandra to step down from the post of Chairman of Unitech Wireless in the wake of ongoing 2G court case.
Despite mounting losses from its Indian operations and growing pressure from minority stakeholders back home, Norwegian telecom major Telenor said Uninor, its telecom joint venture in India, plans to raise about Rs 9,365 crore to support its expansion.
Norway-based telecom company Telenor has raised its stake in its Indian joint venture with Unitech Wireless to 60.1 percent from 49 percent at an investment of Rs 1,493 crore.
The Norway-based firm, Telenor, entered India through a joint venture with Unitech Wireless.
The government on Wednesday said it has cleared Norwegian telecom firm Telenor's proposal to invest Rs 1,000 crore in a joint venture company in the telecom sector.
After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
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