Shyam-Sistema Teleservices Ltd denies TRAI charges on rollout obligations

 | November 19,2010 04:59 pm IST

Telecom service provider Sistema-Shyam Teleservices Ltd (SSTL) Thursday denied the Telecom Regulatory Authority of India's (TRAI) charge that the company failed to meet its rollout obligations.


"Amongst the new telecom operators, Sistema Shyam Teleservices Ltd was the first company to launch its services.


The company has complied with all its rollout obligations in all the 22 telecom circles and has already secured over 7 million voice subscribers and over 300,000 data customers," the company said in a statement released here.


Earlier Thursday, India's telecom watchdog said it had recommended scrapping of 69 of the 122 licences given for 2G phone services to new players.


Of the 69 licences, 20 have been issued to Loop Telecom, 15 to Etisalat DB, 11 to Sistema-Shyam, 10 to Videocon, 8 to Uninor, and 5 to Aircel.


SSTL is joint venture between Sistema, one of Russia's largest listed companies with annual revenues of $19 billion, and India's Shyam Group. Sistema currently holds 73.71 percent share in the venture. Shyam Group holds 23.79 percent and the remaining 2.5 percent is with the public.