Telenor Declines as India Court Cancels Permits: Oslo Mover

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Telenor ASA, the Nordic region’s largest phone company, fell the most in two months in Oslo trading after an Indian court canceled 122 mobile-phone permits, including those granted to its Indian venture Uninor.

Telenor declined as much as 3.5 percent, the most since Dec. 2 and was the biggest loser in the OBX Index, which dropped