Raja was responding to queries regarding political allegations.
The decision was taken after the telecoms minister met the PM and FM.
Telecom Minister said he would meet PM and FM to discuss 3G spectrum auction.
The decision for selective ISD rate cut is based on traffic elasticity.
Telenor has operations in Europe and Asian countries.
Slowdown has severely hit deal valuations in the ITeS, telecom, power sectors.
The company operates in India through a joint venture with Essar group.
The net sales rose to Rs 308.04 crore in the quarter.
The company had a PAT of Rs 263.10 crore in the second quarter of FY'08.
Noida-based IKF Technologies has bagged a telecom licence in Georgia.
