SSTL will not participate in 2G spectrum auction

Sistema Shyam TeleServices (SSTL) has confirmed that it will not participate in the 2G spectrum auction for 800 Mhz frequency band. A SSTL spokesperson stated, “Sistema Shyam TeleServices Ltd (SSTL) is unfairly penalised in the February ruling of the Supreme Court and we have filed a Curative Petition seeking to restore licences."

The company spokesperson said that the SSTL was the only operator to have applied for a Pan India CDMA spectrum in 2008. There is no finding or suggestion by the CAG report that CDMA spectrum was equally or anywhere near in demand as GSM. SSTL believes it has a strong case and is determined to await its hearing.

"In this context, and considering the level of recommended spectrum prices which makes the business case unviable, SSTL had no choice other than not to take part in the 2G auctions for 800 Mhz. SSTL would like to once again reiterate that it is hopeful that the highest court of the land will speedily look into the merits of its case and will give it justice,” added the spokesperson.