Telenor Intends to Write Down $720 Million on Licences, Goodwill in India

Telenor ASA (TEL), the Nordic region’s largest phone company, said it would write down 4.2 billion kroner related to licences and goodwill in India after an Indian court canceled 122 mobile-phone permits, including those granted to its venture Uninor.

To contact the editor responsible for this story: Kim McLaughlin at kmclaughlin6@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.