Sistema is ongoing its pains to stay operational in the Indian telecom space.
The company, according to news reports, has said that it will effort to tenacity the matter using appeasement.
To this end, it has sent a communication to the Ministry of exterior Affairs, Ministry of Finance and the Ministry of Communications and IT, stating that inter-country disputes could be solved amicably, as per the UN Commission on International Trade.
In so far, the company had pull out all stops to preserve its benefit in India. Prior to this, it was report that the government might believe giving scope to the operator, on basis that it is a pure-play CDMA player.
So, in this perspective, SSTL may be measured an immunity to the extra operators lobbying for spectrum, as it was the merely company that essential CDMA spectrum.
Meanwhile, Elvira Nabiullina, the Russian Minister of Economic Development allegedly met with Anand Sharma, Minister of Commerce, Industry and Textiles to argue the concern. At the meeting, Sharma allegedly conversant Nabiullina that the government had taken cognizance of the matter and had filed an appraisal appeal of the 2G case as well.
As per the Court’s judgment, Sistema stands to lose 21 telecom licences. Also, Sistema sent a prescribed notice to The Republic of India notify it of a argument below 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 abolition of SSTL’s licenses subsequent its asset into the Indian cellular sector is contrary to India’s compulsion under the BIT, counting obligations to offer investments with full defense and security and obligation not to appropriate reserves.
The official notice requirements The Republic of India to reconcile the dispute involving to the revocation of SSTL’s 21 telecom licenses in an friendly way within six months.
Further, the notice states that if the argument is not harmoniously determined by August 28, 2012 Sistema assets the right to begin measures against The Republic of India as provide in the BIT.