NEW DELHI Russian conglomerate Sistema's(SSAq.L) Indian mobile phone unit, fighting a court order to revoke its permits, said on Friday it has told the court it intends to bid for airwaves in an auction due in March and wants to continue its services.
Sistema Shyam TeleServices Ltd said in a statement it was awaiting the court's order on its application.
The Supreme Court of India earlier on Friday ruled carriers whose permits were revoked last year must stop operations immediately unless they have won new rights to airwaves.
(Reporting by Devidutta Tripathy, editing by Anurag Kotoky)
Trending On Reuters
The Reserve Bank of India (RBI) has not said it is done with interest rate cuts and will keep a close eye on incoming data, Governor Raghuram Rajan told CNBC in an interview. Read | RBI more likely to cut rates in Sept - Reuters poll