Sistema Shyam Teleservices (SSTL) which operates under MTS India brand and offers CDMA based voice and data services has announced its stand on the license extension as ordered by Supreme Court. Last year February Supreme Court of India cancelled 122 licenses granted by the-then telecom minister A. Raja. SSTL lost its 21 licenses out of 22 permits.
The company did not participate in November 2012's auction citing the CDMA spectrum is priced too high, Ultimately no company was interested to buy 800MHz spectrum as Videocon and Tata Tele withdrew from the auction. Now EGoM cuts down CDMA spectrum pricing by 50% and it seems SSTL will take part in upcoming March 2013 auction.
The company has released an official statement regarding this: “ Sistema Shyam TeleServices Ltd (SSTL) is awaiting the formal order by the honorable Supreme Court on the extension of the telecom licenses till the conclusion of the fresh auction process for grant of licenses and allocation of spectrum. Till that time, it will not be possible for SSTL to provide detailed comments. The immediate priority for the Company is to carefully study the recently released Notice Inviting application (NIA) and accordingly come up with a view on the spectrum auctions, starting 11th March. As the process gets closed, we will come back to you.”
