SSTL Likes 50% Cut in CDMA Spectrum Pricing by EGoM

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SSTLSistema Shyam Teleservices (SSTL) which operates under MTS India brand name and offers CDMA based mobile and data services today released a statement which reflects company's satisfaction with recent price cut on CDMA spectrum.

SSTL earlier in November, 2012 did not participate in CDMA spectrum auction citing the price is too high. Ultimately Tata Tele and Videocon withdrew from the auction with no taker of 800MHz spectrum.

Now as cabinet approves 50% price cut in reserve price of CDMA 800MHz spectrum, SSTL seems to be happy, as official statement from the company reads, “The decision by the Cabinet to reduce the CDMA reserve price by 50% clearly reflects the growing realization that demand for 800Mhz is very limited. The decision taken is a step in the right direction. However, as per ground realities one would have expected much greater reduction.”

So it seems MTS India is going to secure 800MHz spectrum in India (may be in selected circles or pan-India basis) to continue voice and data services in March 2013 auction.

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