NDTV Profit

Telenor to pay Rs 4,018 crore for new 2G licences

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Oslo:

Norwegian telecoms firm Telenor won licences in six Indian circles for a total spectrum fee of Rs 4,018 crore, the firm said on Wednesday.

Of the total fee, 33 percent is due within 10 days and the rest will be paid in ten equal instalments between 2015 and 2024.

It added that a licence fee of Rs 1,658 crore paid by its previous Uninor joint venture may be used as an offset against its first new payment.

Copyright @ Thomson Reuters 2012



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