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Sistema Shyam shareholders approve merger with RCom

Shareholders of telecom operator Sistema Shyam Teleservices (SSTL), which runs the MTS brand, today approved the merger of the company with Reliance Communications in a meeting convened by the Rajasthan High Court

Sistema Shyam not to participate in spectrum auction

Russian conglomerate Sistema JSFC's Indian telecom arm, SSTL, has decided not to bid for spectrum in the upcoming auction due to its high reserve price and some issues that are yet to be resolved by the Department of Telecom related to March 2013 auction.

FIPB clears 21 FDI projects, rejects Sistema Shyam's proposal

Foreign Investment Promotion Board on Tuesday cleared 21 proposals including that of Bharti Shipyard, but turned down the Sistema Shyam's request to raise foreign holding.

Govt lost Rs 4,187 cr by not auctioning EVDO spectrum: CAG

Telecom operators Sistema Shyam (MTS), Reliance Communications and Tata Teleservices provide EVDO service.

MTS offers full talktime on recharges starting at Rs 30

To boost revenue from voice calls, telecom company Sistema Shyam, which operates under the MTS brand, today offered full talktime on mobile recharge coupons starting at Rs 30 and extra talktime on coupons above Rs 150.

Sistema Shyam demands Rs 1,816 cr base price for CDMA auction

"The reserve price for 800 Mhz (CDMA) band should be 80 percent of valuation for 1,800 Mhz spectrum band. Aberration in 1,800 Mhz market price based valuation of 800 Mhz band in Gujarat and Maharashtra circles may be corrected..." Sistema Shyam said in the letter.

Sistema Shyam okay with GSM rivals bidding for CDMA spectrum

SSTL, which operates under MTS brand name, provides mobile services using CDMA (Code Division Multiple Access) technology.

Sistema Shyam to double marketing spend in next six months

The company is now back with big plans after winning airwaves for 8 circles earlier this year.

Spectrum auction: Lone bidder SSTL bids for eight circles

The government will get around Rs 3,639 crore from the 2G spectrum auction for CDMA services, which ended Monday with Russian conglomerate Sistema's Indian unit SSTL being the only bidder.

Telecom shares led by Bharti Airtel surge on bourses

Shares of telecom companies led by Bharti Airtel on Wednesday surged as much as three percent on the bourses amid reports that the government is likely to cut the reserve price for airwaves after just one company Sistema Shyam bid for the spectrum sale next month.

Airtel, Idea gain on speculation govt will cut spectrum price

Leading GSM incumbent Bharti Airtel surged nearly 9 percent (8.96 percent) during the day to touch an intra-day high of Rs 334.55. The stock pared some gains to end at Rs 311.30, a rise of 1.38 percent from its last close.

Sistema Shyam seeks temporary licence from DoT to continue biz

Sistema Shyam Teleservices has written to the government seeking a temporary licence, in case Supreme Court orders it to close operations, till the time auction process is completed.

Sistema intend to continue operations in India

Sistema Shyam Teleservices, whose permits have been cancelled by Supreme Court, today informed customers of its intention to continue operations beyond January 18, 2013.

Sistema warns of “billions of dollars” claims if licence issue not resolved

Russia's Sistema has warned it will seek "billions of dollars" in damages from India if licence cancellation issue of its Indian telecom venture Sistema Shyam is not resolved in time.

Operating on every day, every week basis: Sistema Shyam

Telecom operator Sistema Shyam Teleservices, whose licences expire in January, is operating on a "every day, every week basis" even as the company is awaiting the Supreme Court decision on the curative petition.

No plan to acquire any telecom player: SSTL

A joint venture between Russian conglomerate Sistema and Shyam Teleservices, SSTL's 21 licences were among the 122 licences quashed by the Supreme Court in February.

Sistema Shyam narrows Q3 loss to Rs 495 crore

The company had posted a net loss of Rs 1,009.7 crore in the same period a year ago.

Sistema says its stand on spectrum auction after SC hears plea

Russia's Sistema Thursday said it will decide on participation in the upcoming spectrum auction after Supreme Court hears its petition seeking exemption from the verdict that cancelled 122 telecom licences, including 21 belonging to Sistema Shyam.

SSTL selects IKF Technologies for BPO services

CDMA services provider Sistema Shyam has inked an agreement with Kolkata-based for IKF Technologies for business process outsourcing services for an undisclosed sum.

Sistema Shyam's net loss narrows to Rs.528 crore

The company, which offers CDMA services under MTS brand, had posted a net loss of Rs.666 crore during the like period of the previous financial year.