Telecom Minister Kapil Sibal on Wednesday said that Indian telecom sector continues to be a lucrative destination for investment. After a meeting with the Rigmor Aasrud visiting Norwegian Information Technology Minister, Sibal, however, refused to divulge the details of the meeting.

“I believe that this is an opportunity for us to show clarity and we will use that opportunity to present the country with a process that is precise, transparent, clear and with fair and reasonable application," Sibal said.

Norwegian Information Technology Minister Rigmor Aasrud had sought a meeting with Sibal in the wake of the Supreme Court’s verdict canceling all the 122 spectrum licences allotted in 2008. Telenor’s India arm Uninor is among the companies whose licences are set to be cancelled. 

“We accept the decision from the Supreme Court. It is our interest to discuss the Norwegian government’s opinion.... But it is up to Telenor, the company that has a stake in Uninor, to decide (if it wishes to take legal action),” she said. Aasrud said that Telenor had done “nothing wrong in India” amid irregularities in the allocation of 2G licences.

She said that Telenor has done anything wrong in India and licences were handed out before Telenor entered the telecom market in India.