Sistema again filed petition in the Supreme Court
Here is the SSTL statement on filing the curative petition, to be attributed to SSTL Spokesperson
“SSTL has consistently maintained that being a pure play CDMA operator, its legal case is significantly different compared to other mobile operators. For example, there is no finding or suggestion by the CAG report that CDMA spectrum was equally or anywhere near in demand as GSM back in 2008. To protect the interest of more than 16 million customers, 3500 employees, universe of 300,000 retailers and investments of over USD 3.1 billion, SSTL has filed the curative petition before the Honorable Supreme Court. We are hopeful that the highest court of the land will look into the merits of the SSTL Case and consider it accordingly.”
Early February the authorities decided to recall 122 telecoms licenses issued in a 2008 auction claiming they were sold below market prices.
Sistema is considering a case before the International Arbitration court, if the Indian Government fails to reverse the decision by June when the licenses are due to be cancelled. The company claims Indian authorities have broken the clause in their agreement on providing investment security.