Norwegian telco Telenor has posted a net loss of NOK390 million (USD67.3 million) for the first quarter of 2012 after booking a massive NOK3.9 billion impairment charge on its Indian operations. The move follows the decision of the country’s Supreme Court earlier in the year to cancel 122 telecoms licences on the grounds that their allocation had been ‘totally arbitrary and unconstitutional’.
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OVETEL Telenor posts Q1 loss in wake of India impairment charge
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