Statement From Sistema JSFC

Friday, 03 February 2012 14:05

The Supreme Court of India issued a judgment on February 2nd revoking 122 telecom licenses of 11 telecom operators, including 21 of the 22 licenses held by Sistema Shyam TeleServices Ltd (SSTL). 

The order was issued on the grounds that these licenses were not granted in accordance with required procedures by the Department of Telecommunication. The court has further directed the Telecom Regulatory Authority of India (TRAI), India’s top telecom regulatory body, to make fresh recommendations on the grant of 2G licenses and the re-allocation of spectrum via auction within 4 months by the Department of Telecom (DOT).

Верховный суд Индии вынес решение 2 февраля об отзыве 122 телекоммуникационных лицензий из 11 операторов связи, в том числе 21 из 22 лицензий, по Sistema Shyam TeleServices Ltd (SSTL).Был издан приказ на том основании, что эти лицензии были предоставлены не в соответствии с необходимыми процедурами Департамента электросвязи. Суд далее направлено по регламентированию электросвязи Индии (TRAI), топ-телекоммуникационных Индии регулирующий орган, чтобы свежие рекомендации по выдаче лицензий 2G и перераспределение спектра с помощью аукциона в течение 4 месяцев Департаментом Telecom (DOT ).

Sistema by way of its investments in SSTL has fully demonstrated its commitment to its Indian operations and is very disappointed by the Supreme Court’s decision.  In essence, Sistema and SSTL are being penalized for acting in good faith and in reliance on the  appropriateness of the procedures established by India’s telecommunications authorities.  Sistema therefore looks forward to a clear, transparent, and equitable policy decision on these matters by the Indian government.

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