Telenor says not stated any compensation amount

Telenor has not stated any compensation amount in its letter to the Indian govt on a possible arbitration after its licences were ordered cancelled by the country's top court, a spokesman said on Tuesday.

March 27, 2012 / 11:17 IST

Norway's Telenor ASA has not stated any compensation amount in its letter to the Indian government on a possible arbitration after its licences were ordered cancelled by the country's top court, a company spokesman said on Tuesday.

"However, we will seek compensation for all investment, guarantees and damages," Glenn Mandelid said in an email to Reuters.

The Times of India newspaper earlier reported the Norwegian company was seeking nearly USD 14 billion in damages.

first published: Mar 27, 2012 10:22 am

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