Sistema unit wins airwaves for $670 million in India sale: sources

Sistema's Indian mobile phone unit, the sole participant in a sale of cellphone airwaves in India, won airwaves in eight telecommunication zones for 36.39 billion rupees, two sources with direct knowledge said.

Sistema Shyam TeleServices, which saw its permits revoked in 21 service areas after the Supreme Court ruling due to a scandal-tainted process in 2008, had earlier said it would cease operations in 10 zones and bid in select areas.

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