Telenor to pay Rs 4,000 cr for new 2G licences

Norwegian firm wins 6 circles,may use fee paid by JV with Uninor to offset payment towards fresh licence

Norwegian telecoms firm Telenor won licences in six Indian circles for a total spectrum fee of Rs 4,018 crore, the firm said on Wednesday.

Of the total fee, 33 percent is due within 10 days and the rest will be paid in ten equal instalments between 2015 and 2024.

It added that a licence fee of Rs 1,658 cr paid by its previous Uninor joint venture may be used as an offset against its first new payment.