Russia’s Sistema, majority owner of Sistema Shyam TeleServices (SSTL), has threatened to withdraw from operations in India if the government accepts the controversial proposals put forward by the Telecoms Regulatory Authority of India (TRAI) regarding revised base prices for spectrum, reports Zeebiz news. Sistema executive Andrey Terebenin railed against the proposals, saying: ‘If the government just rubber stamps everything, then we will pull out of India.’ Terebenin went on to criticise the recommendations as an attempt to make ‘quick money’ rather than ensuring that telecoms services are provided at an affordable rate in the long run.*Norway’s Telenor, which currently operates in India under the Uninor brand, has also raised threats to quit the Indian market, reversing its previous plans to remain in India through a new joint venture agreement with a different partner. ‘Telenor Group has stated that if these recommendations are accepted by the government as a final policy, then the company would be forced to exit India,’ Telegraph India quotes Uninor managing director Sigve Brekke as saying.
See more here:
OVETEL Fresh threats over TRAI proposals
No comments:
Post a Comment