Russian diplomats weigh-in for Sistema; Uninor asks for restrictions on bidders

13 Feb 2012

The Russian foreign ministry has come out in support of Sistema Shyam TeleServices Ltd (SSTL), a subsidiary of Russia’s Sistema, and 17.4% owned by the Russian Government, after it had its 2G operating licences revoked earlier this month by India’s Supreme Court. According to local news outlets, the foreign ministry criticised Indian authorities for penalising SSTL for ‘the fact that the licence-issuing procedures established by the Indian telecom authorities were at variance with the country’s legislation’. SSTL and Sistema are preparing a legal challenge to the court’s decision.

Meanwhile, Uninor, which was also affected by the apex court’s ruling, has requested that the Telecoms Regulatory Authority of India (TRAI) exclude incumbent operators from the upcoming re-auction of the cancelled concessions, allowing only potential new entrants and those affected by the recall to bid for licences. In addition, Uninor has asked that the TRAI set a reserve price of INR16.58 billion (USD327.67 million).

India, Russia, Sistema, Sistema Shyam TeleServices (SSTL, MTS India), Telenor India