Sistema Shyam Teleservices Ltd Sstl

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  Reliance Communications to Acquire SSTL's MTS Telecom Business

  RCom said Sistema Shyam Teleservices Ltd (SSTL) will hold a 10 percent equity stake in RCom as a result of the deal.

• Telecom Department May Seek Shareholding Data From SSTL for FDI Hike: Report

  The Department of Telecom (DoT) is likely to seek tentative shareholding pattern from Sistema Shyam Teleservices Ltd (SSTL) along with the approximate amount that it plans to bring in after raising FDI limit in the company as there are "some discrepancies", according to an official source.

• SSTL interested in buying pan-India CDMA spectrum in auction

  Sistema Shyam Teleservices Ltd (SSTL), operating under brand name MTS, plans to expand at pan-India level if the price of CDMA spectrum is fixed based on the methodology used for determining the rate for GSM airwaves.

• SSTL opposes TRAI proposal to bar it from buying CDMA spectrum

  After a long stand-off with government, the Telecom Regulatory Authority of India (TRAI) has started consultation process on determining value of 800 megahertz spectrum which at present is used for CDMA mobile services.

• Sistema Shyam gets Unified Licence for telecom services

  The company, which operates under MTS brand name, has become "the first telecom operator in the country to be a part of Unified Licensing regime".

• Trai recommendations to adversely impact investments: SSTL

  In a letter to Department of Telecom, SSTL, which offers mobile services under the MTS brand, has protested against Trai recommendations that the spectrum used by CDMA operators should not be auctioned and a part of it be explored for use by GSM services.

• SSTL wants to buy additional spectrum, invest in India

  Shukov has also protested against Trai recommendation to explore opportunity for making part of CDMA spectrum band available for extended GSM services.

• Sistema Shyam seeks temporary licence from DoT to continue operations

  In a letter to the Department of Telecommunications (DoT), Russian telecom major Sistema Shyam Telesystems Limited (SSTL) has sought a temporary licence to run its operations until the next spectrum auction in March in case the Supreme Court cancels its licence.

• 2G case: Supreme Court dismisses curative petitions of telcos, A. Raja

  The companies whose petitions were rejected are Videocon Telecommunications Ltd, Sistema Shyam Teleservices Ltd (SSTL), Tata Teleservices Ltd (TTSL) and Idea Cellular Ltd.

• Sistema Shyam narrows loss to Rs 495 cr in Q3

  Sistema Shyam, which provides services in the brand name of MTS, today reported its net loss has narrowed to Rs 495.4 crore for the third quarter ended September 30.

• Sistema can now start legal proceedings against India: Sistema Shyam Teleservices

  Sistema, which holds around 56.68 per cent stake in Sistema Shyam Teleservices Ltd (SSTL), had served legal notice under Bilateral Investment Promotion and Protection Agreement (BIPA) in February. "It is our decision, we can start today, tomorrow or after five years. There is no legal restriction now," Rozanov said.

• Sistema Shyam to raise Rs 6,000 cr for expansion despite cancellation of 21 licenses

  Sistema Shyam Teleservices Ltd (SSTL), whose 21 of the 22 mobile licenses have been cancelled by the Supreme Court, said it is planning to raise up to Rs 6,000 crore for "expanding business operations"

• SSTL Q3 net loss at Rs 1,009.7 cr; hit by forex charges

  Sistema Shyam TeleServices Ltd (SSTL), which operates under MTS brand, today reported net loss of Rs 1,009.7 crore for the third quarter ended September 30 on account of increased foreign exchange charges.

• SSTL gets $200 million loan from ICICI, Barclays Bank

  Sistema Shyam TeleServices Ltd (SSTL), which offers telecom services under the MTS brand name, on Thursday received a loan totalling $200 million (nearly Rs 977 crore) from two banks, which will be used to further scale up its operations. The company has raised $100 million from ICICI Bank and another $100 million from Barclays Bank, SSTL sa...