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Reliance Communications shareholders approve Rs 4,500-crore SSTL merger

Reliance Communications shareholders approve Rs 4,500-crore SSTL merger

Reliance Communications Tuesday said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.

RCom gets CCI go-ahead to acquire Sistema's MTS

RCom gets CCI go-ahead to acquire Sistema's MTS

As per the deal, SSTL will hold about 10 percent stake in RCom and pay off its existing debt before closing the deal.

 

Reliance Communications, Sistema to move court for merger nod

Reliance Communications, Sistema to move court for merger nod

RCom in November last year announced a major accord to acquire the Indian business of Russia`s Sistema -- which is operating under the `MTS` brand.

RCom-Sistema deal signals more telco M&As: Fitch

On the RCom-SSTL deal, Fitch said it is unlikely to help RCom in meaningfully reducing its USD 6 billion in net debt.

Reliance Communications mulls merger with MTS India

Reliance Communications mulls merger with MTS India

The board of Anil Ambani-led Reliance Communications (RCom) will on Monday consider a merger arrangement with the India operations of Russian telecom giant MTS, RCom said in a filing with the Bombay Stock Exchange (BSE).

MTS planning Rs 1 lakh accidental insurance for new customers

MTS planning Rs 1 lakh accidental insurance for new customers

 Sistema Shyam Teleservices, which operates under MTS brand, is in final stage of discussion with Oriental Insurance company to provide Rs 1 lakh accidental insurance cover to its new data subscribers.

CCEA to decide on two FDI proposals worth Rs 13,200 crore

Cabinet will take a final call on Rs 13,200-crore FDI proposals of Sistema Shyam TeleServices and IIFL Holdings, which have been referred to it for consideration by Foreign Investment Promotion Board (FIPB).

SSTL Q2 net loss at Rs 400.4 crore

Sistema Shyam Teleservices (SSTL), which operates its telecom services under the MTS brand, on Wednesday reported marginal widening of net loss to Rs 400.4 crore for the quarter ended June 30, 2015, on account of forex losses.

MTS rolls out open Web data plans across 9 circles

Seeking to put itself on the right side of the Net neutrality debate, Sistema Shyam Teleservices (SSTL) Monday launched open Web data plans, starting at Rs 299, giving users equal access to all websites and services.

RCom shares up 3% on merger talks with Sistema

Shares of Reliance Communications on Tuesday rose nearly 3 percent after the company said it's in talks to buy Russia-based Sistema's Indian arm to consolidate its position as the nation's fourth-largest telecom player.

Telecos need to talk to each other for alliances, 4G : SSTL

Amid challenging market dynamics, telecom operators are discussing with each other for partnerships and alliances, including 4G services, telecom firm Sistema Shyam Teleservices on Tuesday said.

SSTL net loss widens to Rs 391 crore in Q1

Sistema Shyam Teleservices, which operates mobile services under MTS brand, on Tuesday reported widening of its net loss to Rs 391 crore during the first quarter ended March 31.

Sistema keen on spectrum sharing, trading; awaits guidelines

Sistema Shyam Teleservices, which is not participating in the ongoing spectrum auction, is now awaiting sharing and trading guidelines for airwaves for its business expansion.

Ambanis, Bharti, Vodafone, 5 others to slug it out for spectrum

Ambanis, Bharti, Vodafone, 5 others to slug it out for spectrum

Eight private telecom operators including Airtel, Vodafone, Idea, RCom, Reliance Jio and Uninor Monday submitted applications to bid for spectrum in the auctions starting March 4.

SSTL enters home WiFi segment

Sistema Shyam TeleServices (SSTL), which operates under MTS brand name, Wednesday announced its entry into the home WiFi segment as the telecom operator eyes increased revenues from data usage.

Delhi HC to test MTS internet speed claims

Delhi HC to test MTS internet speed claims

The Delhi High Court Friday asked Sistema Shyam Teleservices Ltd (SSTL), which provides high speed internet under the name MTS, to bring their "equipment" on Monday to test their claim that they provide speeds upto 9.8 Mbps.

Delhi HC to test MTS internet speed claims

The Delhi High Court on Friday asked Sistema Shyam Teleservices Ltd (SSTL), which provides high speed internet under the name MTS, to bring their "equipment" on Monday to test their claim that they provide speeds upto 9.8 Mbps.

SSTL Q3 net loss narrows at Rs 437.9 crore

The company had reported a net loss of Rs 760.1 crore in the same period a year ago.

SSTL Q2 net loss narrows to Rs 402.5 crore

Sistema Shyam Teleservices (SSTL) Monday reported a narrowed down net loss of Rs 402.5 crore for the second quarter ended June 30 on account of cost optimisation and operational efficiencies.

MTS approaches Delhi Metro for providing wifi service

After enabling Rapid MetroRail trains with wifi Internet service, Sistema Shyam Teleservices, which operates under MTS brand, has approached Delhi Metro Rail Corporation for providing the facility to commuters.