Just In
- 3 hrs ago HONOR Pad 9 With Bluetooth Keyboard Up For Grabs At Rs 22,499 in India
- 3 hrs ago Report: Apple’s Foldable iPhone May Get Cancelled
- 4 hrs ago Deal Alert: Grab the Samsung Galaxy S23 Ultra for Under ₹90,000 on Flipkart – Here’s How
- 6 hrs ago OPPO F25 Pro New Coral Purple Colour Variant Launched in India; Where to Buy?
Don't Miss
- Movies Yeh Rishta Kya Kehlata Hai | THIS Actor Dismisses Rumours Of His Entry As Abhir In YRKKH: It Amazes Me…
- News Bengaluru-Tumkur Namma Metro Project: 19 Elevated Stations Proposed For 52.41 km Line
- Finance 45% Dividend: Maharatna Powerpack NBFC REC Turned Ex-Dividend; To Raise Rs 1,60,000 Crore Soon; BUY More?
- Automobiles Xiaomi SU7 Electric Car Launched – May End Apple Inc.
- Sports Rishabh Pant becomes first player to play 100 matches for Delhi Capitals: Check Top Five List
- Education RSMSSB Junior Instructor Recruitment 2024; Apply online for 2500 Posts, Check out for more details
- Lifestyle Aditi Rao Hydari Marries Siddharth, Exploring Heeramandi Star's Ethnic Style Statements, Bookmark Now!
- Travel Explore Tamil Nadu's Diverse Wedding Venues
MTS Secures 8 Circles in 800MHz CDMA Spectrum Auction
Sistema Shyam TeleServices (SSTL) which runs its Telecom services under the name MTS, have announced that they won spectrum in the 800 MHz (CDMA) in eight circles including Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West) & West Bengal. The company lost its license in 21 circles, as per the ruling of the Supreme Court in last year.
The Company has already announced the discontinuation of its services in Assam, Andhra Pradesh, Bihar, Himachal Pradesh, Haryana, Jammu and Kashmir, Madhya Pradesh, North East, Orissa and Punjab, earlier. MTS has now announced that it will be shutting down services for three more circles including Mumbai, Maharashtra and UP(E). The company apparently decided not to bid for these circles. A total of 12.1 million customers, from the three circles, are to be affected, as a result of this decision. MTS is expected to inform it's customers to port out to retain the same mobile number, soon.
Mr Vsevolod Rozanov, President & CEO, Sistema Shyam TeleServices Ltd., said: "Given the range of variables we have considered and the spectrum cost for 800 Mhz, it was a big challenge to arrive at a core list of 8 circles and to bid accordingly.
The newly acquired license is valid for 20 years and the company is required to pay Rs 3,639 crores for the license period. The terms of payment include 25% of the final bid amount within 10 days, followed by a payment moratorium until March 2016, after which the balance amount will have tobe paid in 10 equal annual installments.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
23,990
-
1,25,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
11,999
-
25,999