In what could come as a setback to the government's proposed CDMA spectrum auctions, Sistema Shyam (SSTL) has indicated that it will not participate in the 800 MHz mobile airwaves sale if the telecom ministry does not lower the prices that have been recommended by regulator Trai.
The company , a subsidiary of Russian conglomerate Sistema that offers mobile services under the MTS brand, said that reserve price for the CDMA band sale should be lower than what Trai has recommended.
SSTL reported a narrowing of March-ended quarterly loss at Rs 316 crore against Rs 644 crore during the same period last year. Revenue for the company declined 9% to Rs 319 crore (Rs 352 crore).
While Trai had gone in for significant cuts in reserve prices for auctions in the GSM bands of 900 MHz and 1,800 MHz, it opted for higher prices when giving recommendations for the 800 MHz band. The regulator fixed the reserve price at Rs.2,685 crore per megahertz, around 50% higher than the previous pan-India base price.
The company , a subsidiary of Russian conglomerate Sistema that offers mobile services under the MTS brand, said that reserve price for the CDMA band sale should be lower than what Trai has recommended.
SSTL reported a narrowing of March-ended quarterly loss at Rs 316 crore against Rs 644 crore during the same period last year. Revenue for the company declined 9% to Rs 319 crore (Rs 352 crore).
While Trai had gone in for significant cuts in reserve prices for auctions in the GSM bands of 900 MHz and 1,800 MHz, it opted for higher prices when giving recommendations for the 800 MHz band. The regulator fixed the reserve price at Rs.2,685 crore per megahertz, around 50% higher than the previous pan-India base price.
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