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Etisalat says won't participate in 2G auction
Wednesday September 05, 2012 07:37:15 PM,
IANS
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New Delhi: Telecom
service provider Etisalat Wednesday said it will not participate
in the 2G spectrum auction in November.
"Following the publication by India's Ministry of Communications
and Information Technology of the information memorandum for the
planned auction of spectrum in 1800MHz and 800MHz bands, the
Emirates Telecommunications Corporation (Etisalat) wishes to
confirm that it has decided not to participate in the auction,"
the company said in a statement.
"Etisalat Group believes the Indian telecommunications industry
has significant potential and it has high regard for the
government of India, its judiciary, and its regulatory bodies and
wishes a positive outcome for the forthcoming auction," it added.
Earlier this year, Etisalat DB, the joint venture between Abu
Dhabi-based Etisalat and India's DB Group, had announced closure
of its services in India following the Supreme Court cancelling
122 spectrum licences, including 15 of Etisalat, which had over
1.6 million subscribers.
Etisalat had also written off its investments worth $827 million
in Etisalat DB.
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