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.
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.
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.
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.
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.
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.
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.
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.
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.
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.