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UNINOR CONTINUES TO OPPOS TRAI'S 2G RESERVE AUCTION PRICING


(The following press release from Uninor was received by e-mail. It was not confirmed by the sender.)

"We note that the TRAI makes some cosmetic changes and persists with a plan that evicts new operators. As earlier, we believe this is not the auction that the court ordered. An opportunity has been missed to correct the flaws, place all cancelled spectrum into the auctions and invite operators to win back their licenses. While that hasn't happened, we see the illogical rollout obligations stay and even a bizarre decision to add more costs through spectrum charges to an already steep price. These are more steps in the wrong direction. It has been obvious for some time that the solutions will have to come from the political leadership of the country. These must be such that billions in investments and committed foreign investors are not forced out of India."

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