Sistema says Indian licences extended until March 11
MOSCOW (Reuters) - 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)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Housing Development Finance Corp (HDFC), India's top mortgage lender, posted an 11.5 percent gain in quarterly net profit, in line with estimates, aided by higher loan growth. Article
Samsung Elec's smartphone primacy under threat from Apple after weak Q4. Full Article