The company has also indicated to take call on its future after evaluating impact of Reliance Jio commercial launch in India.

"We need more spectrum in India to stay competitive in long term. Then, we have decided not to participate in upcoming spectrum auction. The reason we are not participating is the price levels that regulator has proposed. In the meantime we will fight to take our marketshare and take our fair share of market growth," Telenor Group CEO Sigve Brekke said while announcing financial result of the group.

Telenor India reported to have 4.4 crore subscribers on its network. The company in India targets subscribers that have low spending capacity.
    
While announcing financial results for first quarter ended March 31, 2016, Brekke had said, "Long term presence in India is dependent on our ability to secure additional spectrum."

He said Telenor is waiting for launch of Reliance Jio to see its impact on India market. Experts see that commercial launch of Jio's 4G service will disrupt market. Telecom majors have already started slashing mobile internet rates to keep away the threat from Jio. Mukesh Ambani-led Jio claims to have 15 lakh users of its service even before its commercial launch.
    
Telenor reported widening of its operating loss in India to 132 million Norwegian Krone (about Rs 105 crore at present exchange rate) in the second quarter ended June 30, 2016 compared to NOK 90 million  (Rs 71.3 crore) it posted a year ago.

The company has already written off assets in India which impacted its performance in the reported quarter. Brekke said Telenor India team will find other option and long-term solution.

"We have communicated earlier, that we are going to make rationale decision in India. We are in India to make money and give return to our shareholder. We are continuing to evaluate different option," Brekke said.
    
Compared to other South Asian markets like Pakistan, Bangladesh, Myanmar where subsidiaries of Telenor have reported cash flow of above 40 per cent, Telenor India has posted positive cash flow of 9 per cent in the reported quarter.

The total revenue of the company, however, grew by about 12.73 per cent to NOK 1551 million (Rs 1,230 crore) from NOK 1362 million (Rs 1,080 crore) during period under review.