Uninor to bid for 2G spectrum; exit option not ruled out

February 06, 2012 12:37

New operator Uninor, a joint venture between Telenor of Norway and Unitech, today said the company will participate in 2G spectrum auction but did not
rule out exit option from the Indian market.

"In principle we will go for auction but I am not saying that whether we will win everything ... So, the option of exit cannot be ruled out," Uninor Managing Director and Telenor's Asia head Sigve Brekke told reporters here. He also said that company would finalise its strategy after looking at the base price and the reserve price for the spectrum.

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