The discussions are 'indicative and non-binding' in nature.
Russia's AFK Sistema financial corporation is to invest $1 billion in the Indian cellular telecommunication sector over a period of five years.
Won't put in more money, irrespective of SC decision on curative petition.
Cellphone service provider Aircel Televentures on Friday said it was evaluating various offers from Indian and overseas telecom firms including a Russian firm which has offered to buy its 49 per cent stake.
Spectrum trading will happen in 9 circles.