Following talks between Indian and Russian government officials yesterday, the revocation of licences held by Sistema Shyam Teleservices Ltd (SSTL, the Russian government holds a stake in SSTL through majority owner Sistema) may be reconsidered, or treated separately from the other withdrawn licences, reports the Hindu Business Line, citing ‘official sources’. SSTL had its licence cancelled when the Supreme Court annulled 122 concessions in February this year, on the grounds that the licences issued in 2008 had been allocated illegally, as the ‘first come, first served’ policy had not been enforced.
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OVETEL Russian diplomats might swing case for SSTL
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