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RCom gets Bombay HC approval for Sistema acquisition

Reliance Communications today said Bombay High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices, that operates under the MTS brand.

Anil Ambani led-RCom signs deal with Russia's Sistema to establish joint telecom venture

Anil Ambani led-RCom signs deal with Russia's Sistema to establish joint telecom venture

The two companies signed the agreement after Prime Minister Narendra Modi attended the CEO Forum in Moscow, during his two-day bilateral visit to the country for the 16th Annual Summit.


RCom, Aircel in talks to create India's 2nd biggest mobile operator

RCom, Aircel in talks to create India's 2nd biggest mobile operator

The combination of RCom, Aircel, MTS wireless businesses will hold 19.3 percent of the total spectrum allocated to the the industry - the highest in the country by an entity.

RCom shares reverse early gains on profit-booking

The stock ended at Rs 58.70, down 0.25 percent, on the BSE. In intra-day trade, shares of the company gained 2.97 percent to Rs 60.60.

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.

Sistema chief says held talks with RCom over joint venture, no sale planned

Sistema had no plans to sell his Indian telecoms unit, Sistema Shyam Teleservices.

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.

Sistema chiarman released from house arrest

Chairman of the diversified Russian business conglomerate Sistema was today released from house arrest, the firm's Indian arm said.

India reviewing its 83 bilateral investment pacts: Sharma

So far India has implemented 83 bilateral investment promotion and protection agreements with various countries.

SSTL rolls out 3G plus telecom network across all circles

Sistema Shyam Teleservices (SSTL), controlled by Russian conglomerate Sistema, Wednesday announced the commercial roll-out of '3G Plus' telecom network across all its circles.

Want to buy additional spectrum, invest in India: SSTL

SSTL has said this in a protest letter to the Telecom Regulatory Authority of India against its recommendation that there should be no auction of CDMA airwaves.

Sistema India phone unit Q2 loss narrows

Russian conglomerate Sistema's Indian mobile phone services unit reported a smaller quarterly loss as it scaled back operations due to a court order.

Sistema's Rozanov to continue with a direct role in Indian biz

Russian Conglomerate Sistema's new group Chief Financial Officer Vsevolod Rozanov will continue to have direct role in its Indian telecom arm, SSTL, as its Deputy Chairman.

SSTL to invest $200 mn in rolling out 4G services

The Indian arm of Russian conglomerate Sistema said, however, that it will not start investing in the 4G LTE (long- term evolution) services this year.

SSTL may have to pay Rs 463 crore as charges: Sources

"The due amount has been calculated considering...All the 122 licences have continuing their operation after 2.2.2012 up to 15.02.2013," sources said.

Sistema Shyam applies for participating in spectrum auction

"SSTL is committed to its operations in India. The company today submitted its application to participate in the 800 Mhz spectrum auctions in March 2013," SSTL, which provides services under MTS brand, said in a statement.

TDSAT asks DoT not to take coercive action against Sistema

Telecom tribunal TDSAT Monday directed government not to take any coercive action against Sistema Shyam Teleservices in the dispute over inclusion of certain charges while calculating gross revenue for payment of license fee.

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 telecom issue not judicial but political: Russian envoy

External Affairs Minister Salman Khurshid hoped that when Prime Minister Manmohan Singh will meet with President Vladimir Putin, India would have "adequate answers", if the issue was raised, that would bring comfort.

Foreign telcos can't claim damages from govt in 2G case: AG

In a setback to foreign telecom players such as Sistema and Telenor, Attorney General Goolam Essaji Vahanvati is believed to have reiterated his earlier stand that such players cannot claim damages for cancellation of their 2G licences by an order of the Apex Court.