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Govt hopes to mop up Rs 9500 cr in CDMA auction
Fp Archives •The auction includes Rs 6,463.95 crore from auction directly and Rs 3,033.20 crore from one-time spectrum fee that will be levied on existing players, official sources said.
Sistema unhappy with CDMA reserve price cut, asks for more
Sindhub •Not only has Sistema said the price reduction is not enough, other players may also decide not to participate in the auctions unless there is clarity on whether the spectrum on offer in this band, 800 mhz, is liberalised or not
Sistema talks tough on 2G: asks govt to show how it will help
Fp Editors •Russian telecom major Sistema is taking a hard line on the cancellation of its 2G licences. It won't bid unless there is clarity on how it will be compensated
Foreign investor notices over 2G premature: DoT
Fp Staff •Four foreign investors (Telenor, Sistema, Capital Global and Kaif Investment) have sent dispute notices to the government under respective bilateral investment protection treaties.
Sistema Shyam files curative petition in SC in 2G case
Fp Archives •Sistema Shyam Teleservices Ltd (SSTL) today filed a curative petition in the Supreme Court seeking re-examination of its verdict cancelling its liceneces for the 2G spectrum allocated during the tenure of former Telecom Minister A Raja.
Sistema takes Rs 3,700 cr hit on cancelled licences
Sindhu •Sistema which lost 21 licences in the 2 February SC order, has taken a hit of $700 million for this setback. Despite the writeoff Sistema is unlikely to pull the plug on the Indian telecom sector.
Sistema to take $1 bn writedown on India
Fp Archives •The writedown is a non-cash item that will be recognised in Sistema's fourth-quarter results, eroding earnings.
SC rejects telco pleas: What next for foreign investors?
Fp Editors •The court's decision will cause more disappointment among foreign investors, who are currently under attack from a host of measures that seem designed to make investing in India extremely taxing and difficult.
What 2G scam, asks Sistema. We were the only guys in 'Q'
Sindhu •India has more to lose if the Russian government were to insist on invoking the bilateral agreement since trade of $5 billion happens between the two countries.
2G: Is Telenor playing Kapil Sibal's game by upping ante?
Jagannathan •Why is Telenor raising the arbitration issue when it has already filed a review petition in the Supreme Court?