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SSTL News

Russian giant Sistema

23 May 2016

Spectrum cost very high in India, says Sistema

In process to merge with bigger rival Reliance Communications, Russian giant Sistema's Indian telecom arm SSTL today said cost of spectrum is "very high" in India and it is too tough for it to keep investing here.

Reliance Communications

08 Mar 2016

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.

22 Feb 2016

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

25 Dec 2015

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.

Reliance Communications

10 Nov 2015

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

02 Nov 2015

RCom shares surge over 6% on Sistema deal

Shares of Reliance Communications (RCom) surged over 6 percent Monday after the company announced the acquisition of Russian conglomerate Sistema's Indian telecom unit in an all-stock deal that will create an operator with 118 million subscribers.

Reliance Communications

02 Nov 2015

Reliance Communications acquires Sistema India unit in $690-mn deal

Reliance Communications (RCom), India's fourth-largest telecom operator, Monday announced the acquisition of Russian conglomerate Sistema's Indian telecom unit in an all-stock deal that will create an operator with 118 million subscribers.

04 Sep 2015

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.

Sistema Shyam Teleservices

26 Aug 2015

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.

15 Jun 2015

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.

Telecom companies

02 Jun 2015

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.

16 Feb 2015

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.

Sistema Shyam Teleservices

11 Feb 2015

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 High Court

12 Dec 2014

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.

10 Dec 2014

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.

Sistema Shyam Teleservices

25 Nov 2014

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 Shyam TeleServices Ltd

14 Nov 2014

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.

01 Sep 2014

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.

Sistema Shyam Teleservices

25 Aug 2014

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.

11 Aug 2014

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.

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