Telenor writes down value of Indian venture

News Wireless India 6 FEB 2012
Telenor writes down value of Indian venture
Telenor said it's writing down the goodwill and licences it owns in India by NOK 4.2 billion. The charge follows the ruling by the Indian Supreme Court cancelling GSM licences awarded in 2008, including those held by Telenor's joint venture Uninor. Telenor said the charge will be included in Q4 2011 results, to be reported on 08 February. After the writedown, Telenor's Indian operations are valued at NOK 2.4 billion.

Categories:

Mobile

Companies:

Telenor,  Uninor

Countries:

India

Tags:

Government telecommunications licensing, Finance, Legislation - Lawsuits

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