Date:30/08/2008 URL: http://www.thehindu.com/2008/08/30/stories/2008083056731500.htm

Business

Shyam-Sistema JV gets pan-India spectrum

NEW DELHI: Shyam Telecom and Russian major Sistema combine on Friday became the first new telecom operator to get pan-India start-up spectrum to offer mobile services. Officials said the final approval from the Telecom Ministry had been given allotting CDMA spectrum to Shyam Telecom, which has sold majority stake to Russian conglomerate Sistema.