Sistema Shyam Teleservices to bid for spectrum, shut down operations in 10 circles
PTI: New Delhi, Feb 21 2013, 15:10 IST
per cent stake respectively.
The company did not participate in November 2012 auction citing that its curative petition is pending before the apex court in which it has sought exemption from SC judgement that cancelled its telecom permits.
The curative petition of the company was rejected by the apex court last week.
In a separate order on February 15, 2013, the Supreme Court asked telecom companies whose licences were cancelled by it and could not win or participate in November 2012 spectrum auction, to close their operations.
SSTL, however, said the order does not impact its business and a separate order by the apex court on its matter is awaited.
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