On the participation in upcoming spectrum auction Brekke said a final decision would be taken after the company had complete visibility on the auction rules in the Information Memorandum due out August 27. But he conceded that that the reserve price was "indeed very stiff".

Last week in statement, Telenor Group has said that, despite adverse circumstances, it is willing to participate in this auction and procure all of Uninor’s business.

“This will ensure that the value of Uninor’s business is preserved, and not allowed to be destroyed. If Telenor is successful in the auction of Uninor's business, it will also gives us the ability to secure a future for Uninor’s customers, employees and partners as Uninor's business will be transferred to a new company with which Telenor may approach the upcoming spectrum auctions”, it said.