Sistema Shyam Teleservices

Sistema Shyam reduces stake in RCom to 7%

It said that the transaction involved two parts - 69.5 million shares through swap of SSTL shares for RCom shares in line with the scheme of arrangement, and 10.8 million shares sold in the open market.

FIPB rejects Sistema's share transfer proposal

In all, the Foreign Investment Promotion Board (FIPB) rejected four foreign investment proposals and deferred decision on five applications.

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 said cost of spectrum is "very high" in India and it is too tough for it to keep investing in India

RCom shareholders approve SSTL merger

Reliance Communications today said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.

RCom gets CCI go-ahead to acquire Sistema's MTS

In November, India's leading telecom operator RCom announced acquisition of Sistema's Indian telecom unit in an all-stock deal that will create an operator with 118 million subscribers.

Reliance Communication gets nod from bourses on Sistema deal

In November, India's fourth-largest telecom operator RCom announced acquisition of Sistema's Indian telecom unit in an all-stock deal that will create an operator with 118 million subscribers.

RCom completes due diligence for merger with MTS: Sources

The two companies are going to meet early next month to finalise the merger. Reliance Communication‘s board, and the MTS management will be overhauled post their merger.

Focus on debt reduction by FY17: Reliance Communication

Gurdeep Singh, Chief Executive Officer, Consumer Business, Reliance Communications told CNBC-TV18 that the company is focusing on debt reduction through internal accruals and sale of global assets.

Telcos fined Rs 10.80 cr for exceeding radiation limits

The government has imposed total penalty of 10.80 crore on telecom operators for exceeding prescribed electronic frequency (EMF) limits, Telecom Minister Ravi Shankar Prasad said in a written reply to Rajya Sabha on Friday.

Govt clears seven FDI proposals worth Rs 981 crore

Government on Wednesday said it has cleared seven foreign investment proposals, including that of Hathway Cable and Datacom, totalling over Rs 981 crore.

FIPB to take up 47 foreign investment proposals tomorrow

The investment applications also include a host of proposals related to pharmaceutical sector, said the agenda of the 221st meeting of the Foreign Investment Promotion Board (FIPB) that will take place on July 13.

All mobile operators to roll out full MNP today

Other private players such as Uninor, Sistema Shyam Teleservices and Videocon will also roll out the service to meet the July 3 deadline fixed by the government.

FIPB to consider Kotak Bank, 12 other proposals on July 3

The FIPB, chaired by Finance Secretary Rajiv Mehrishi, will also consider 12 other foreign investment proposals in its meeting on July 3, as per the FIPB agenda.

Rel Comm rises 3% on exclusive merger talks with Sistema

Sistema Group, Government of Russia and Shyam Group are likely to hold about 10-12 percent stake in the merged entity. If the merger does go through, the combined entity will have 6.5 percent of the total telecom market share.

SSTL net loss widens to Rs 391 crore in Q1

SSTL made investments of Rs 49.6 crore (USD 8 million) during the first quarter of 2015. Debt from banks and financial institutions stood at Rs 3,587 crore at the end of March 31.

Trai advises over 15% rise in CDMA spectrum reserve price

Sectoral regulator Trai has recommended a reserve price of Rs 3,104 crore per megahertz for CDMA spectrum, which is 15 per cent more than the rate it had proposed in February.

SSTL Q3 net loss narrows at Rs 437.9 crore

"During the quarter, our non-voice revenues grew by 14 percent, thereby contributing 43 percent of the total revenues. Our net income improved by 42 percent mainly on account of significant reduction in forex loss," SSTL Chief Executive Officer Dmitry Shukov said.

SSTL Q2 net loss narrows to Rs 402.5 crore

Total revenues of the company rose 15 percent to Rs 334.8 crore for the reported period as compared to Rs 290.9 crore last time.

'TRAI used a different way for CDMA spectrum base price'

The regulator on February 22 recommended a base price of Rs 2,685 crore per megahertz for CDMA airwaves which, AUSPI said, is 47 percent higher than the minimum price earlierapproved by the Empowered Group of Ministers on Telecom, and 80 percent higher than the base price of 1800 Mhz - generally known as 2G spectrum.

Investors raise concerns over TTSL, TTML sale?

Industry sources say that with lack of clarity on M&A regulations, Tata Teleservices may be in for a rough ride ahead with very few players committing to any formal investment.

DoT modifies spectrum auction terms, bidders load may rise

The new clause now reads that the company acquiring spectrum in the forthcoming auction "shall provide details of the technology proposed to be deployed for operation...within one month of obtaining the license, if the technology happens to be other than GSM/WCDMA (3G)/LTE (4G)".