New Delhi (dpa) – Norway's Telenor ASA said it would consider quitting India because it had been “unfairly harmed” by a court order cancelling licenses including those held by its local venture. Sigve Brekke, head of Telenor's Asian operations, said the company was in talks with the government and could seek a review of the court order, broadcaster NDTV reported. The Supreme Court last week scrapped 122 licenses issued under allegedly fraudulent sales in 2008 and asked the country's telecom regulator to hold a fresh auction within four months. “In principle, we will go for auction but I am not saying that whether we will win everything,” he said. “So, the option of exit cannot be ruled out.” The court ruled the licenses were issued in an “arbitrary and unconstitutional manner” during the tenure of former telecoms minister Andimuthu Raja, who is facing trial for fraud. Besides Telenor, other foreign players like UAE's Etisalat Co, and Japan's NTT Docomo have also been affected by the court order. BM ShortURL: http://goo.gl/blUVP Tags: India, Telecom, Telenor Section: Business, South Asia, Tech
