Uninor and Sistema Shyam filed Review Petition in Supreme Court's 2G Verdict

Mar 3, 2012, 14:13 IST

Corporate Current Affairs 2012. Uninor and Sistema Shyam filed a petition on 2 March 2012 seeking review of Supreme Court's order to cancel their 2G licences

Uninor and Sistema Shyam filed a petition on 2 March 2012 seeking review of Supreme Court's order to cancel their 2G licences.

Uninor, the joint venture between Unitech and Norway's Telenor in its petition pointed out the severe adverse consequences for the licence holders and their stakeholders, such as massive subscriber base, foreign investors, lenders, suppliers and employees.

Sistema Shyam TeleServices (SSTL) in its petition stated that it has a different case altogether as it was a CDMA operator. The SSTL was the only operator to have applied for a Pan India CDMA spectrum in 2008.

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