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Etisalat not to participate in fresh 2G auction in November

Indiantelevision.com Team

(5 September 2012 7:57 pm)

NEW DELHI: Stung by the cancellation of 2G licences by the Supreme Court earlier this year, the Emirates Telecommunications Corporation (Etisalat) today announced that it will not participate in the 2G auction in November.

This follows the publication by the Communications and Information Technology Ministry of the Information Memorandum for the planned Auction of Spectrum in 1800MHz and 800MHz Bands.

Etisalat - whose headquarters are in Abu Dhabi, UAE – said in a terse statement that it believed that the Indian telecommunications industry has significant potential and it has high regard for the Indian Government, its judiciary, and its regulatory bodies and "wishes a positive outcome for the forthcoming auction".

Earlier this year, Etisalat DB, the joint venture between Etisalat and India's DB Group, had announced closure of its services in India following the Supreme Court canceling 122 spectrum licences. These included 15 of Etisalat, which had over 1.6 million subscribers.

Etisalat has already written off its investments worth $827 million in Etisalat DB.