Russian conglomerate Sistema controlled SSTL today said it has received a unified licence from the Government, which allows the liberal use of telecom technologies for providing the latest services.
Vodafone has moved the Delhi High Court on Wednesday against the governments plan to auction off spectrum in the 900MHz band. The petition has been
Sistema Shyam Teleservices (SSTL) has requested the Department of Telecommunications (DoT) for a temporary licence so it can continue to operate till the new spectrum auction is held next month.
Russian conglomerate Sistema, which has a joint venture with Shyam Group, has said it will not exit the Indian telecom market as it is hopeful of a positive response on its curative petition from the apex court.
With conglomerate Sistema facing uncertain future following cancellation of its telecom licences, Russia today set up a Parliamentary working group to protect interests of its companies working in India.
Russian oil-to-telecoms group Sistema's Indian mobile unit said on Wednesday it had completed allotment of shares to a Russian government agency in return for a previously announced about USD 600 million investment in the company.