Sistema says Indian licences extended until March 11 - Economic Times

MOSCOW: Russian oil-to-telecoms conglomerate Sistema said on Monday the licences of its Indian mobile subsidiary had been extended until a further Supreme Court hearing on March 11. The court last year ordered the cancellation of 122 telecoms licences held by eight operators, including Sistema's SSTL, because of alleged irregularities in the way they were awarded in 2008, but Sistema asked to court to review the order. 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 Sistema said on Monday the licences of its Indian mobile subsidiary had been extended until a further Supreme Court hearing on March 11. via Business - Google News

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