MTS India the CDMA Mobile service of Sistema Shyam TeleServices Ltd (SSTL) with over 16 million customers today said that it has decided NOT to participate in the 2G spectrum auction.
The company said that “Sistema Shyam TeleServices Ltd (SSTL) has consistently maintained that it has been unfairly penalised in the February ruling of the Supreme Court and has filed a Curative Petition seeking to restore its licences. SSTL was the only operator to have applied for a Pan India CDMA spectrum in 2008. There is no finding or suggestion by the CAG report that CDMA spectrum was equally or anywhere near in demand as GSM. SSTL believes it has a strong case and is determined to await its hearing.
Company further said "In this context, and considering the level of recommended spectrum prices which makes the business case unviable, SSTL had no choice other than not to take part in the 2G auctions for 800 Mhz. SSTL would like to once again reiterate that it is hopeful that the highest court of the land will speedily look into the merits of its case and will give it justice.”
Friday 19th October 2012 (today) is the last day or deadline for companies to submit their application to participate in the auction, which is scheduled to start on Nov. 12.
MTS India / SSTL's mobile service licenses has been canceled by the Supreme Court under 2G verdict in February 2012.
So now once again future of MTS India's CDMA mobile service is depends on Supreme Court.
