February 15, 2013 / 2:33 PM / 5 years ago

Sistema India phone unit says intends to bid in airwave auction

NEW DELHI (Reuters) - 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.

The sun rises behind a communications tower in New Delhi March 20, 2006. REUTERS/B Mathur/Files

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

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