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Telenor wants 50 percent cut in Mumbai licence fee

US-TELENOR-INDIA:Telenor wants 50 percent cut in Mumbai licence fee

OSLO (Reuters) - Telecoms firm Telenor asked Indian authorities to reduce the licence fee for the Mumbai region by 50 percent, otherwise it would be nearly impossible to take part in the auction, Chief Executive Jon Fredrik Baksaas said on Friday.

"We expect the upcoming auction to be sub-optimal if the current price level is maintained - it will be comparable to the November auction, with limited participation," Baksaas told Reuters after meeting with Indian officials in Davos.

"It is nearly impossible to participate in the Mumbai auction at the current price level," he said after discussing several topics with Indian officials.

(Reporting by Joachim Dagenborg; Editing by Balazs Koranyi)

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Related Keywords:US , TELENOR , INDIA

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