Sistema's Indian unit says intends to bid in airwave auction - Economic Times

NEW DELHI: Russian conglomerate Sistema's 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. India's Supreme Court earlier on Friday ruled carriers whose permits were revoked last year must stop operations immediately unless they have won new rights to airwaves. Download ET's mobile applications for iPad, iPhone, Android, BlackBerry, Nokia and Windows Phone to track news as it happens, live stock quotes, monitor portfolio, get market stats like gainers, losers and movers & much more. To check out free Economic Times apps , Click here via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHxDQrkQitjZDT0VSubd15NHhjwwg&url=http://economictimes.indiatimes.com/news/news-by-industry/telecom/sistemas-indian-unit-says-intends-to-bid-in-airwave-auction/articleshow/18517827.cms

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