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Telenor takes billion write down of its value in India

Monday, 30 April 2012
Norwegian telecoms operator Telenor writes down the value of its operations in India to zero. This means an impairment of Nkr3.9 billion made in the accounts of the first quarter.

The proposed telecommunications licenses in India make it almost impossible for Telenor to participate, according to the company. The write-down is done as a precaution.
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