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2G: Russia warns of arbitration over Sistema

NEW DELHI, Oct 29, 2012, DHNS:
Russia on Monday warned of going in for international arbitration if the cancellation of 2G spectrum licence of Russian telecom giant Sistema was not resolved in Indian courts.

Speaking to reporters here, Russian Ambassador to India Alexander Kadakin said: “If the issue of cancellation of 2G licence to Sistema is not resolved in Indian courts, we will go for international arbitration.”

Russia had earlier said the row over Sistema will have “great repercussion” not only on Indo-Russian bilateral cooperation but also for foreign investments in India.

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