Sistema intend to continue operations in India
Sistema Shyam Teleservices, whose permits have been cancelled by Supreme Court, today informed customers of its intention to continue operations beyond January 18, 2013.
New Delhi: Sistema Shyam Teleservices, whose permits have been cancelled by Supreme Court, today informed customers of its intention to continue operations beyond January 18, 2013.
It said the company is taking further steps to ensure continued service in India.
"MTS wishes to inform millions of its customers that being fully committed to its customers and the investments it has made in India, it intends to continue its operations beyond January 18, 2013," SSTL, which operates under MTS brand name, said in message to its customers.
SSTL licences for Rajasthan circle are not impacted by the judgement and can continue to operate, it said. The company had over 1.6 crore customers by the end of October 2012.
SSTL was one of the companies whose 21 licences were cancelled by the Supreme Court on February 2 in the 2G spectrum case, and are valid only till January 18 next year.
"...In this context the company has taken and is taking all the possible steps, to ensure the continuity of its services beyond January 18, 2013," SSTL added.
SSTL had filed curative petition before the apex court seeking reinstatement of its licences in May, and it is yet to come for hearing.
Russian conglomerate Sistema JSFC, which holds 56.68 per cent stake in the company, has already issued notice to Indian government for resolving the SSTL licence issue.
In a recent communication to Indian government, Sistema has warned to seek "billions of dollars" in damages from India if licence cancellation issue of SSTL is not resolved in time.
"...MTS is hopeful that the Supreme Court will take up its curative petition before January 18, 2013," SSTL said in the message.
The message to customers from the company comes in the backdrop of direction by sector regulator TRAI asking telecom operators, who have lost their licences, to inform existing subscribers by December 27 if they are discontinuing service in circles where they don't hold spectrum to operate beyond January 18, 2013.
SSTL in a statement said: "The message to this effect has been sent out by SMS to millions of its customers. In addition, the Company has also hosted the same messaging on its website."