New Delhi, March 26: Russian President Dmitry Medvedev is likely to discuss the 2G licence cancellation of mobile operator Sistema-Shyam with Prime Minister Manmohan Singh during the BRICS summit this week.
The Russian government holds 17.14 per cent in Sistema-Shyam, which provides CDMA services under the MTS brand in India and has over 15 million subscribers.
We hope that our key telecom companies will continue their operations in India because this will ensure further development of the Indian telecommunications market, said Arkady Dvorkovich, an adviser to the Russian President.
He said the revocation of spectrum licences of telecom companies operating in India was one of the issues that the Russian President would discuss with Indian government officials during the BRICS summit.
Sistema has asked the Indian government to settle the licence cancellation dispute by August or face arbitration in an international court of law under the bilateral investment treaty.
According to the bilateral investment treaty, the Government of India is obliged to promote and protect foreign investments, including treating the investments in a fair and equitable way, and not expropriating the investments.
The Russian ministry of foreign affairs has already pledged to support Sistema in this court case.