India and Russia have said that they will work towards reaching a mutual agreement on the issue of Sistema Shyam Tele Services Limited?s (SSTL) cancelled licences, say news reports.
It is believed that Anand Sharma, Minister of Commerce and Industry and D. Rogozin, Russian Deputy Prime Minister, have already discussed the likely impact the Supreme Court?s judgement in the 2G case will have on Sistema?s Indian operations.
Prior to this, the operator invoked the provisions of the India-Russia Agreement for Promotion and Mutual Protection of Investments to protect its interests in India.
The company has set August 28, 2012 as the deadline to resolve matters with the Indian government on this subject. Thereafter, it will resort to legal means to do so.
