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Sistema Shyam not to participate in spectrum auction

Russian conglomerate Sistema JSFC's Indian telecom arm, SSTL, has decided not to bid for spectrum in the upcoming auction due to its high reserve price and some issues that are yet to be resolved by the Department of Telecom related to March 2013 auction.

Sistema to pull out from India if TRAI proposals accepted

Russian conglomerate Sistema Tuesday warned that it will pull out of India if telecom regulator TRAI's proposals on spectrum auction are accepted by government in their present form, saying the base price for air wave auction should be kept at Rs 1,658 crore.