The company said its decision follows spectrum auction recommendations by sectoral regulator Trai after the Supreme Court had cancelled 122 telecom licences, including 22 of the Norwegian firm, in the 2G spectrum case.
"As a precautionary measure, Telenor ASA has decided to write down the remaining fixed and intangible assets in India amounting to NOK 3.9 billion (NOK 2.6 billion after non- controlling interests)," Telenor informed Oslo Stock Exchange.
The write down will be included in Telenor's results for the first quarter 2012, to be presented on May 8, 2012, the statement said.
"After the write down, Telenor has no further accounting exposure related to India as of March 31, 2012." it added.
Telenor holds around 67 per cent stake in joint venture Uninor, and rest of it is owned by realty firm Unitech.
The Supreme Court has asked the government to conduct fresh auction for the spectrum by August 31 and licences of the company will remain valid till September 7.
Telenor said Uninor's operational performance in India during the first quarter 2012 has developed according to plan.
"Following the Supreme Court's ruling in February to cancel Uninor
