OSLO Jan 25 Telecoms firm Telenor
asked Indian authorities to reduce the licence fee for the
Mumbai region by 50 percent, otherwise it would be nearly
impossible to take part in the auction, Chief Executive Jon
Fredrik Baksaas said on Friday.
"We expect the upcoming auction to be sub-optimal if the
current price level is maintained - it will be comparable to the
November auction, with limited participation," Baksaas told
Reuters after meeting with Indian officials in Davos.
"It is nearly impossible to participate in the Mumbai
auction at the current price level," he said after discussing
several topics with Indian officials.
(Reporting by Joachim Dagenborg; Editing by Balazs Koranyi)