Separate auction should be held for new telcos: Uninor MD
Published on Fri, Feb 10, 2012 at 18:34 | Source : CNBC-TV18
Updated at Fri, Feb 10, 2012 at 21:41
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Separate auction should be held for new telcos: Uninor MD
In a press conference today, Sigve Brekke, the managing director of telecom service provider Uninor said that there should be two auctions for the new telecom licences.
In a press conference today, Sigve Brekke, the managing director of telecom service provider Uninor said that there should be two auctions for the new telecom licences. "Hold one auction for the new companies, where in they bid for both spectrum and license, and another one for existing players where they can bid for spectrum," he said.
However, no matter what the auction process, Brekke says that the principle of transparency and fairness should be followed.
He believes that the auction should be about new players and fresh licences because a competitive market will benefit the customer. "Entry of a new player each time has led to a drop in tariffs, so new telcos will ensure increased competition and reduced tariffs," he explained.
Brekke goes on to say that spectrum cancellation should also be added to the auction pool.
Earlier this month, the Supreme Court of India cancelled all 22 licences of Uninor, along with a 100 other licences held by other telecoms.
Speaking to CNBC-TV18, Brekke said that their top priority right now is to secure their Rs 14,000 crore investment, to maintain its customer base and try to have a dialogue with the government on trying to find a solution.
