MOSCOW Russian oil-to-telecoms conglomerate Sistema said on Monday the licences of its Indian mobile subsidiary had been extended until a further Supreme Court hearing on March 11.
The court last year ordered the cancellation of 122 telecoms licences held by eight operators, including Sistema's SSTL, because of alleged irregularities in the way they were awarded in 2008, but Sistema asked to court to review the order.
(Reporting by Maria Kiselyova; Editing by Douglas Busvine)
Trending On Reuters
India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers fall by the wayside, no longer protected by government restrictions on the sector. Full Article
India's $100 billion solar push draws foreign firms as locals take backseat Full Article