Under the terms of the agreement between RCom and Sistema, RCom will acquire the telecommunications business of SSTL including its licenses.
RS Sharma, former chairman of ONGC, the parent company of ONGC Videsh, has told Economic Times that action on Sistema will have a long term impact on ONGC Videsh.
Vodafone has moved the Delhi High Court on Wednesday against the government’s 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.
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
According to latest reports, the Telecom Regulatory Authority of India (TRAI) has asked Sistema, Telenor, Videocon and Tata Teleservices to inform their
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
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 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.
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.
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.
Why is Telenor raising the arbitration issue when it has already filed a review petition in the Supreme Court?
Coal India's biggest non-government investors has called its board a "board of shame". It will have repercussions for foreign investment
As uncertainty dogs the telecom industry in the wake of the Supreme Court's order, some are asking for a refund.
Russian conglomerate Sistema has threatened India with international arbitration proceedings if the government fails to resolve the fallout due to a recent court decision cancelling the company's permits to offer mobile services in the country, within six months.