The Telenor Group posted an operating loss of 3,100 million Norwegian Krone (NOK), approximately Rs 2,530 crore for its Indian operations during its first quarter results, and hinted on suspending operations in India if the upcoming spectrum auctions turns out to be costlier. According to a PTI report, Telenor global CEO Sigve Brekke said that the company’s long terms presence in India is subjected to its ability to secure additional spectrum (from upcoming auctions). He also added that Telenor is not able to compete with current spectrum portfolio it holds in India. Brekke further said that the company is looking at ‘potential trading options’ in order to maintain a sustainable business model. However, he said that the company is looking to acquire new spectrum at “a price that we can justify”. "We are in India to make money, if we don't see return then we need to look at other alternatives," Telenor CFO Morten Karlsen Sorby added. MediaNama has written to Telenor regarding its stance on TRAI’s costly reserve prices, and the government’s move to offer liberalized spectrum, and whether it would look to collaborate with other telcos in spectrum sharing/trading, or roaming deals. We will update the story once we get a reply. Alternate payment structure for telcos: This month, TRAI recommended an alternate payment structure for telcos to ease debt. For the upcoming auctions, telcos could first pay 10% of the bid amount; the balance 90% could be paid over 18 years with 18 equal annual installments, along…
- Parliament member John Brittas writes to PM Modi, flags concerns about rising Aadhaar-enabled payment frauds June 1, 2023
- Viacom18’s JioCinema ramps up its premium catalogue with titles from Comcast’s NBCUniversal June 1, 2023
- UK’s National Health Service Leaks Sensitive Patient Data to Facebook June 1, 2023
- Meta’s shareholders reject proposal seeking to address hate speech in India June 1, 2023
- ONDC limits discounts under new incentive structure June 1, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...