Norway's Telenor could exit India if license prices at an upcoming auction prove expensive, the head of the mobile phone operator's Asian operations said last week.
Telenor's Indian subsidiary is among carriers whose pemits are set to be offered again after the orginal auction was tainted by corruption. Telenor may have to find more than USD 3 billion for nationwide spectrum if regulatory proposals are accepted.
Its fast-growing Uninor subsidiary has 45 million Indian customers and is the sixth-largest provider, some two years after entering the rapidly expanding market.
Telenor must have a local company as its partner because Indian caps foreign holdings in telecoms operators at 74 percent.
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