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Telenor says shocked by 2G verdict

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Agencies

Posted: Feb 02, 2012 at 1301 hrs IST

Mumbai The Indian joint venture of Norway's Telenor said it has been unfairly treated and was shocked after Supreme Court's verdict to scrap telecom licences.

The court revoked 122 telecoms licences issued under a scandal-tainted 2008 sale in a judgement on Thursday that could further darken the business climate in Asia's third-largest economy.

We will study the order in detail and exercise all options available to ensure that Uninor continues to operate in India, Uninor, a joint venture between Telenor and Unitech, the company said in a statement.

Uninor has about 36 million subscribers in India.

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