Intend to continue operations beyond 18 Jan 2013: SSTL

TRAI had asked telecom operators, who have lost their licences, to inform existing subscribers by 27th December if they are discontinuing service in circles where they don't hold spectrum to operate beyond 18 January 2013

New Delhi: Sistema Shyam Teleservices (SSTL), whose permits have been cancelled by the Supreme Court, informed customers of its intention to continue operations beyond 18 January 2013, reports PTI.

 

It said the company is taking further steps to ensure continued service in India.

 

“MTS wishes to inform millions of its customers that being fully committed to its customers and the investments it has made in India, it intends to continue its operations beyond 18 January  2013,” SSTL, which operates under MTS brand name, said in message to its customers.

 

SSTL licences for Rajasthan circle are not impacted by the judgement and can continue to operate, it said. The company had over 1.6 crore customers by the end of October 2012.

 

SSTL was one of the companies whose 21 licences were cancelled by the Supreme Court on 2nd February in the 2G spectrum case, and are valid only till 18th January next year.

 

“...in this context the company has taken and is taking all the possible steps, to ensure the continuity of its services beyond 18 January 2013,” SSTL added.

 

SSTL had filed curative petition before the apex court seeking reinstatement of its licences in May, and it is yet to come for hearing.

 

Russian conglomerate Sistema JSFC, which holds 56.68% stake in the company, has already issued notice to Indian government for resolving the SSTL licence issue.

 

In a recent communication to Indian government, Sistema has warned to seek “billions of dollars” in damages from India if licence cancellation issue of SSTL is not resolved in time.

 

“...MTS is hopeful that the Supreme Court will take up its curative petition before 18 January 2013,” SSTL said in the message.

 

The message to customers from the company comes in the backdrop of direction by sector regulator TRAI asking telecom operators, who have lost their licences, to inform existing subscribers by 27th December if they are discontinuing service in circles where they don't hold spectrum to operate beyond 18 January 2013.

 

SSTL in a statement said: “The message to this effect has been sent out by SMS to millions of its customers. In addition, the company has also hosted the same messaging on its website.”

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    Insurance cover for panches, sarpanches soon: Minister

    The Rural Development and Panchayati Raj Minister said the state government is determined to strengthen democratic institutions in the state

    Jammu: The Jammu and Kashmir government will soon provide insurance cover to panches and sarpanches, Minister Ali Mohammad Sagar said, reports PTI.

     

    Adequate remuneration will also be provided to them, he said after inaugurating a Panchayat Ghar constructed at an estimated cost of Rs20 lakh at Matwar in block Balwal.

     

    The rural development and Panchayati Raj minister said the state government is determined to strengthen democratic institutions in the state.

     

    He said the state government has ensured adequate empowerment of Panchayati Raj Institutions by giving them powers of 14 vital departments.

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    IndiaFirst Life opens financial planning centre in Jaipur

    “Our Financial Planning Centres not only enable customers to buy policies but also help us service their requests more easily and quickly,” IndiaFirst Life Insurance managing director and CEO P Nandagopal said

    Mumbai: Private insurer IndiaFirst Life Insurance opened a financial planning centre (FPC) in Jaipur aimed at offering the entire range of services, including new business application processing, reports PTI.

     

    “Rajasthan is a key market for IndiaFirst. Opening our FPC in Jaipur is a part of our long-term strategy to ramp up our presence in tier II and tier III cities. Our financial planning centres not only enable customers to buy policies but also help us service their requests more easily and quickly,” IndiaFirst Life Insurance managing director and CEO P Nandagopal said in a release.

     

    The company will offer its entire range of services, including new business application processing, policy servicing request processing, advisor licensing processing, advisor or sales training, claim intimation processing and document collection and record management, for business applications in FPC.

     

    IndiaFirst Life Insurance is a joint venture between public sector banks—Bank of Baroda and Andhra Bank—and UK’s leading risk, wealth and investment company Legal & General.

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