Sistema Shyam Teleservices

Sistema Shyam gains third carrier licence in 800MHz band

Sistema Shyam gains third carrier licence in 800MHz bandSistema Shyam Teleservices Ltd (SSTL) on Wednesday confirmed that it had gained its third carrier licence in the 800MHz spectrum band.

SSTL Chief Executive Dmitry Shukov said that receiving the third carrier licence post the spectrum auctions in March this year put the company's craving for the same to an end, describing the development as a "major milestone."

Shukov added that the development would allow the company to provide its customers with next generation telecom services.

Sistema Shyam gets first Unified Licence for telecom services

Sistema-ShyamNew Delhi, Oct 4 : Telecom service provider Sistema Shyam TeleServices Limited (SSTL) Friday announced that it has received its Unified Licence from the government that will allow it to do liberal use of telecom technologies for providing latest services.

SSTL provides telecom services under the brand name MTS. It is a venture involving equity participation by Russia's Sistema, the Russian Federation government and the Shyam Group of India.

Sistema to launch new data transfer services in India

Sistema to launch new data transfer services in IndiaGurgaon, Sep 22 : Sistema Shyam Teleservices (SSTL), the Indian arm of the Russian conglomerate Sistema, will soon launch new technology-based data transfer services that would be the most competitive in the Indian market in terms of speed, stability and price.

Shukov to replace Rozanov as SSTL head on June 1

Shukov to replace Rozanov as SSTL head on June 1Vsevolod Rozanov, the head of Sistema Shyam Teleservices is set to step down from his top post at Russian telecom giant's Indian unit.

Rozanov has seen heading the company at a time when it has lost spectrum and faced closure in several telecom circles. The outgoing president and chief executive officer (CEO) of Sistema Shyam Teleservices Ltd (SSTL) said that if you can be successful in India, you can be successful anywhere pointing out the difficult market conditions in the country with regulatory controls and stiff competition.

Government to raise Rs3,639 crore from sale of CDMA spectrum

Government to raise Rs3,639 crore from sale of CDMA spectrumThe central government in India is expected to raise about Rs3,639 crore from the auction of spectrum for CDMA services in the country.

Russian conglomerate Sistema's Indian unit SSTL was the only bidder for the spectrum at the auctions today. Government officials said that the government is nto expected to receive any cash payments because Rs 1,626 crore is to be adjusted for the earlier payments made by the company.

CDMA operator Sistema to close operations in ten circles

CDMA operator Sistema to close operations in ten circlesSistema Shyam Teleservices Ltd (SSTL) has asked its customers in 10 circles to use up their entire balance with in the next 30 days as it is going to shut down all operations in those circles.

The CDMA operator, which operates under MTS brand name, will close operations in Andhra Pradesh, Assam, North East, Bihar, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Orissa and Punjab.

The operators also suggested its customers in the concerned service areas to switch to some other telecom operators of their preference.

SC order not to Impact operations, says MTN

SC order not to Impact operations, says MTNTelecom giant Sistema Shyam Teleservices (SSTL), which offers its services under the MTN brand in India, has said that the latest order by the Supreme Court will not impact its operations in the country.

India's apex court has said that the companies whose permits were cancelled by an order in the previous year and have not been able to get renewed licences, must stop their operations immediately.  The apex court had scrapped the validity of all 122 spectrum licenses that were granted to firms during the former communications minister A Raja's time in office.

Sistema Shyam still open to new mergers and acquisitions

Sistema Shyam still open to new mergers and acquisitionsSistema Shyam Teleservices Limited (SSTL), a joint venture between Russia's Sistema and India's Shyam Group, has clarified that it is open to new mergers and acquisitions in India, but it will wait for the Supreme Court's decision on its curative petition before hitting any merger or acquisition deals.

SSTL Chief Executive Vsevolod Rozanov said that in spite of writing off around $700 million because of cancellation of its licences, SSTL was still eager to make further investments in India in case the government cleared the air on regulatory issues.

Sistema India to lose most licenses, open for acquisition

Sistema India to lose most licenses, open for acquisitionThe Indian unit of Russian conglomerate Sistema, which is set to lose all but one of its telecom licenses in India, has indicated that it is open to acquisitions.

Vsevolod Rozanov, CEO at Sistema Shyam TeleServices Ltd said that the company will wait until the country's apex court, the Supreme Court of India decides upon the company's appeal relating to an order to revoke the telecom permits.

Moscow free to take legal recourse over Sistema issue: India

Moscow free to take legal recourse over Sistema issue: IndiaMoscow is free to take legal recourse in case it feels this could resolve the Sistema issue, India said on Tuesday.

Russian leaders have repeatedly said that the Indian government hasn't made sufficient efforts to resolve the issue, which erupted from the cancellation of Sistema Shyam Teleservices Ltd's 21 licences.

MTS to launch CDMA cum GSM phones in India

Sistema-ShyamTelecom firm, Sistema Shyam (SSTL) that offers telecom services in India under the MTS brand, is planning to launch phones in the country that will come with both CDMA and GSM connections next month.

SSTL Chief Marketing and Sales Officer Lenny Musatov said, “We will launch multimode phones from October. It will be CDMA with GSM smartpone in the price range of Rs. 6,000 to Rs. 12,000.”

The company has aligned the dual technology with the CDMA Development Group initiative and it will be able to offer international roaming to CDMA users around the world. The handsets will also work in the courtiers where there is no CDMA connection.

Sistema Shyam reports 72 per cent increase in revenues

Sistema Shyam reports 72 per cent increase in revenuesSistema Shyam TeleServices Ltd (SSTL) has said that it has recorded a rise of 72 per cent in revenues during the fourth quarter till March 2012.

The company also said that its net loss has fallen to Rs 527.8 crore duing the quarter. The company, which offers CDMA services under MTS brand, had recorded a net loss of Rs 666.4 crore during the same quarter of the previous year. It had reported Rs 1,197.7 crore loss in the October-December quarter.

Supreme Court rules against review petitions on license order

Supreme Court rules against review petitions on license orderThe Supreme Court of India has ruled against the petitions from seven telecommunications companies challenging the apex court’s earlier decision to cancel 122 telecom licenses in the country.

The Supreme Court also dismissed a similar plea filed by former telecom minister Andimuthu Raja. alleging that the ruling unfairly impeached him. The court rejected review petitions of companies including Videocon Telecommunications Ltd, STel Ltd, Sistema Shyam Teleservices Ltd, Tata Teleservices, Unitech Wireless Ltd, Etisalat DB Telecom Pvt. Ltd and Idea Cellular Ltd.

Coal shortage cramps Shyam Steel expansion in Bengal

Coal shortage cramps Shyam Steel expansion in BengalBurdwan, Sep 2 : The Shyam Steel Industries Limited is moving to complete the first phase of its expansion in West Bengal by 2013 but concerns remain over the shortage of coal.

The company is setting up an integrated 1.1 million tonnes per annum steel plant at Jamuria in Burdwan district along with a 1,000 MW captive power plant. The Rs. 9,900-crore project is scheduled to become operational in phases, the first phase involving an investment of Rs. 1,500 crore.

Sistema Shyam Teleservices reports Rs.666.4 crore net loss

Sistema Shyam TeleservicesNew Delhi, June 7 : Sistema Shyam Teleservices (SSTL), the joint ventures of Russia's Sistema and Shyam group of India, Tuesday reported a net loss of Rs. 666.4 crore during the quarter ended March 31, owing to increase in operational costs following its expansion across all circles.

The revenue, however, grew 201 percent at Rs. 236 crore against Rs. 78.6 crore during the like period of the previous financial year.

Russia's Sistema to float public issue for Indian telecom arm

Russia's Sistema to float public issue for Indian telecom armNew Delhi, Aug 11 - Sistema, one of Russia's largest listed companies with annual revenues of $19 billion, will soon float a public issue for its Indian telecom services venture after Moscow concludes its funds infusion programme of around $675 million.

"We are ready for a public issue. In principle, this has been approved. But there are some procedural issues. We are all hoping it concludes it soon," said Vsevolod Rozanov, president and chief executive of Sistema Shyam TeleServices, their India joint venture.

BSNL inks pact with Sistema Shyam Teleservices

BSNL inks pact with Sistema Shyam TeleservicesState-owned BSNL has entered into a 10-year deal with Sistema Shyam Teleservices, a joint venture between Russia’s Sistema and India’s Shyam group, for provision of Bandwidth & Passive infrastructure sharing on PAN India basis for the rollout of their network.  

The deal would enable the CDMA operator to launch operations faster in the country. However, both parties did not give financial details of the deal.

MTS India joins CDMA Development Group

Sistema Shyam TeleServices Limited The Sistema Shyam TeleServices Limited (SSTL)-owned mobile telephony brand, MTS India, has been scaling new milestones, by increasing its penetration in the highly potential telecom market. The CDMA mobile operator has recently joined the CDMA Development Group (CDG), an international group of CDMA service providers and equipment manufactures. The move will allow exchanging ideas and services with other companies to roll out CDMA2000 wireless systems across the globe.

Sistema Shyam TeleServices inks $70 million loan deal with Bank of China

Sistema Shyam TeleServices inks $70 million loan deal with Bank of ChinaSistema Shyam TeleServices has signed a $70-million loan agreement with the Bank of China for nation-wide expansion of its mobile network.

According to a company official, Sistema Shyam would invest the loan amount to source supplies from telecommunications equipment provider ZTE and network services to build-out the CDMA network. Further, the company official reported that the loan would be significant in supporting SSTL to expand its geographical reach and serve the growing subscriber-base.

MTS spreads out in West Bengal

MTS spreads out in West BengalThe Sistema Shyam Teleservices (SSTL) has expanded its MTS (Mobile TeleSystems) telecom services in West Bengal.

Launched in Kolkata last month, MTS will offer its services on CDMA platform in 250 towns of West Bengal.

According to the SSTL, the MTS, which is currently present in five circles of the country, has crossed the one million subscriber base mark

Set up in 2008, the joint venture between Shyam Telelink of India and Sistema of Russia – SSTL got the pan-India license to provide CDMA services in the country.

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