Sistema Shyam Teleservices who had lost 2G spectrum licenses last year following the Supreme Court’s February 2, 2012 verdict has sought a temporary license from the government till the next round of auction takes place.

In a letter to the Department of telecommunications (DoT) Sistema said that in the event of any negative order from the apex court, it would request the latter to issue  temporary licences till such time the auction process is completed and spectrum along with new licences are issued to the company.

Last Friday the Supreme Court directed that the telcos whose 2G licenses were cancelled following its February 2, 2012 verdict and failed to win spectrum in the auction will have to stop operations forthwith. This also applies to those who did not participate in the auction.

The apex court  had rejected the curative petitions of four telcos- Sistema Shyam Teleservices Ltd (SSTL), Videocon Telecommunications Ltd, Tata Teleservices Ltd (TTSL) and Idea Cellular Ltd and the former telecom minister A Raja in 2G case.

Earlier in April 2012 the review petitions of Videocon Telecommunications Ltd, S Tel Ltd, SSTL, TTSL, Unitech Wireless (Tamil Nadu) Pvt Ltd, Etisalat DB Telecom Pvt Ltd and Idea Cellular Ltd were rejected.

Reacting to the dismissal of its plea SSTL said that it is unfortunate that SC has not admitted its curative petition.

“It is unfortunate that the Hon’ble Supreme Court has not admitted the curative petition of Sistema Shyam TeleServices Limited (SSTL). The Company believes that

it has been unfairly penalized in the 2nd February 2012 order by the honourable Supreme Court. While SSTL remains committed to its operations, however it would be up to the shareholders to decide the go forward strategy of the Company”, it said in statement.

It said that a separate order would be issued by the Supreme Court with respect to the company.

Meanwhile, TDSAT in an interim order has asked the government not to take any coercive action against Sistema Shyam Teleservices in the dispute over inclusion of certain charges while calculating gross revenue for payment of license fee. It also asked SSTL to provide financial bank guarantee equivalent to the amount demanded by the Department of Telecom (DoT) in 15 circles within a week.
 
For Latest Updates Visit : http://www.facebook.com/pages/TelecomTiger/429104257149437