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.

    MTS Secures 8 Circles in 800MHz CDMA Spectrum Auction

    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.

    Read More About: mts cdma sstl telecom services news
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