New Delhi: Norwegian telecommunications company Telenor on Friday came out strongly against the Supreme Court ruling ordering all 2G licenses to be scrapped saying that the order was a "very serious attack" on the firm's investments.
"The Supreme Court ruling is a very serious attack on the firm's investments. Quitting the Indian market now is an option being considered," a statement by the company read.
It added, "(The firm) may ask for help from the Norwegian government to lobby in India."
In a big blow to the UPA government, the Supreme Court on Thursday scrapped all the 122 2G licenses issued during the tenure of former telecom minister A Raja.
The revoked 122 licenses included 22 licenses Telenor holds via Uninor.
The apex court also left it to the Central Bureau of Investigation (CBI) trial court to decide within two weeks on then finance minister P Chidambaram's alleged role in the 2G spectrum allocation.
India is the second-largest cellular market in the world by subscribers, with 894 million at the end of December.
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