<p>Russian conglomerate Sistema, the majority stakeholder in joint venture Sistema-Shyam, on Friday, asserted that it will contest the Supreme Court’s order by pursuing all available legal remedies to protect its lawful investment.<br /><br /></p>.<p> “To safeguard its interests, Sistema and Sistema-Shyam TeleServices Ltd (SSTL) will contest this order by pursuing all available legal remedies. In the meantime, Indian operations will remain business as usual for the company,” Sistema JSFC said.<br /><br />Sistema-Shyam has pan-India operations under brand MTS and its 21 out of 22 licences stand cancelled after the SC verdict on Friday.</p>
<p>Russian conglomerate Sistema, the majority stakeholder in joint venture Sistema-Shyam, on Friday, asserted that it will contest the Supreme Court’s order by pursuing all available legal remedies to protect its lawful investment.<br /><br /></p>.<p> “To safeguard its interests, Sistema and Sistema-Shyam TeleServices Ltd (SSTL) will contest this order by pursuing all available legal remedies. In the meantime, Indian operations will remain business as usual for the company,” Sistema JSFC said.<br /><br />Sistema-Shyam has pan-India operations under brand MTS and its 21 out of 22 licences stand cancelled after the SC verdict on Friday.</p>