The companies announced that they will move the court against the Supreme Court verdict. Russia's Sistema was among the many protesting foreign companies and said, "to safeguard our interests, we will contest this order by pursuing all available legal remedies."
Sistema - CDMA operator deals with nearly 15 million subscribers in India. Nearly 9,000 people have been employed directly and indirectly by the company and it has already spent over Rs 10,000 crore so far in Indian operations.
Norway's Telenor, which has majority stake in Uninor, also declared that they will not leave the country without fighting the law. An official statement from the company says, "I want everyone who is in Uninor and outside to know this. We are not closing. Uninor is a huge investment and it cannot be wished away. 40 million Indians have chosen Uninor. We are here to stay."