Telenor to bid for 2G spectrum; keeps exit option open.

Byline: Our Bureau

Norwegian operator Telenor on Monday said that it will participate in the auction for 2G spectrum if rules are conducive enough.

Telenor, with 67 per cent stake in Uninor, said it has already invested Rs 14,000 crore and will do everything possible to protect its investments, including taking the legal option.

aoeIn principle, we are okay to bid in an auction but issues like base price, eligibility are important. Since the objective of the Government in 2008 was to increase competition in the market, the auction should be limited to only new players,a said Mr Sigve Brekke, head of the Norwegian company's Asian operations. He added that if …