Sergey Savchenko to be new MTS India CEO, Dmitry Shukov quits

New Delhi: Telecom services provider Sistema Shyam Teleservices CEO Dmitry Shukov has resigned from the company and its Chief Financial Officer Sergey Savchenko will take the charge from next week.

In an e-mail sent to employees of SSTL, which operates under MTS brand name, Shukov said, "I would like to share with you that I would be moving out of MTS India, effective September 7, 2015. My immediate plan is to go back to Moscow and be with my family."

"I would then proceed to a new country to take up my new role," he added.

Shukov, however, did not share details about his new job.

Russian conglomerate Sistema JSFC has majority stake in SSTL.

Shukov, has been heading SSTL's operation since June 2013. The company provides services in Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West), West Bengal and Rajasthan.

The resignation comes at a time when there are discussions between the company and Reliance Communications for a possible merger.

"Nothing special should be read into this development as this is a personal call which I have taken," Shukov said.

SSTL under Shukov turned OIBDA (Operating Income before Depreciation and Amortisation) positive across six of nine telecom circles where it operates.

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.

RCom, Sistema in talks to merge telecom biz in India

Anil Ambani-led Reliance Communication Monday said it is in talks with AFK Sistema to merge the Russian conglomerate's Indian telecom operations through a cashless stock swap.

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.

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.

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

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.

CDMA spectrum base price proposed too high for bidders: SSTL

The base price of Rs 3,646 crore for CDMA spectrum being considered by the government is too high to find a buyer in the forthcoming auction, Sistema Shyam Teleservices Ltd (SSTL) - the lone bidder for CDMA radiowaves in March last year, said Wednesday.

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.

Sistema eyes $300 mn Indian video gaming market

Sistema Shyam TeleServices Ltd (SSTL), which provides telecom services under MTS brand, has tied up with Nodwin Gaming to launch an online, multiplayer, video gaming platform -- Gamegod.

MTS to offer free movies to data, smartphone customers

MTS Movies, which has been launched in partnership with short films aggregator Shotz7, will be available to MTS' data and smartphone customers, SSTL said.

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.

Gross revenue of 22 telecom operators drop in Oct-Dec FY14

Gross revenue of 22 telecom operators, including Bharti Airtel, RCom, BSNL and Tata Teleservices, declined in October-December quarter of 2013 compared to the previous quarter, government said on Monday.

MTS launches Android-based smartphone Blaze 5.0 at Rs 10,999

The MTS Blaze 5.0 runs on 4.1 Jelly Bean OS and is powered by a 1.2 GHz quad-core Qualcomm Snapdragon processor.

Sistema Shyam Teleservices Q1 net loss at Rs 316 crore

SSTL's net loss was more than twice that at Rs 643.9 crore during the same period last year.

MTS to provide free Wi-Fi services to Rapid Metro commuters

Sistema Shyam TeleServices Limited has partnered with Rapid Metro Rail Gurgaon to provide free Internet over Wi-Fi starting Wednesday on all trains operational on the six-station Rapid Metro corridor in Gurgaon.

Free MTS dongle for parents of all babies born on March 26

On the eve of completing 5 years in India, Sistema Shyam Teleservices, which operates under MTS brand name, will gift free dongle worth Rs 1,499 to parents of all babies born on March 26 in states where the company provides its services.

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.

SSTL receives third carrier in 800 Mhz spectrum band from DoT

Sistema Shyam Teleservices (SSTL) on Wednesday it has received third carrier in the 800 Mhz spectrum band from the Department of Telecom (DoT) which will allow the company to launch next generation REV B phase 2 services soon.

Trai recommendations to adversely impact investments: SSTL

Sistema Shyam Teleservices Ltd, has said telecom regulator Trai's recommendations on spectrum auction have created "ambiguity" and "policy uncertainty" that would adversely impact its investment plans.