Sistema Shyam TeleServices Limited (SSTL) can still be capable to maintain operating in the Indian telecom space.
It is supposed that the government may believe giving leeway to the operator, on grounds that it is a pure-play CDMA player.
So, in this situation, SSTL may be careful an exception to the other operators lobbying for spectrum, as it was the only company that is necessary CDMA spectrum.
Meanwhile, the Russian government sustained its efforts in this situation. Elvira Nabiullina, the Russian Minister of Economic Development supposedly met with Anand Sharma, Minister of Commerce, Industry and Textiles to argue the matter. At the meeting, Sharma supposedly informed Nabiullina that the government had taken cognizance of the issue and had filed a review petition of the 2G case as well.
As per the Court’s decision, Sistema stands to lose 21 telecom licences. Also, Sistema sent an official notice to The Republic of India notifying it of a quarrel under the Bilateral Investment Treaty (BIT) between the Government of the Russian Federation and the Government of the Republic of India.
The company opined that the cancellation of SSTL‘s licenses subsequent its investment into the Indian cellular sector is opposing to India’s responsibility under the BIT, including compulsion to offer investments with full protection and security and obligations not to appropriate investments.
The formal notice requests The Republic of India to resolve the quarrel involving to the revocation of SSTL’s 21 telecom licenses in an amicable way within six months.
Further, the notice states that if the argument is not amicably resolute by August 28, 2012 Sistema assets the right to commence proceedings against The Republic of India as provided in the BIT.