Sistema

Bombay HC gives green light to RCom-SSTl merger

In November, RCom has announced acquisition of SSTL in an all-stock deal valued at around Rs 4,500 crore. The deal will bring increase RCom‘s subscriber base to 118 million.

RCom gets Rajasthan HC approval for Sistema acquisition

Reliance Communications today said Rajasthan High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL), that operates under the MTS brand.

Sistema to speed up investments in start-ups, ramp up fund

The company is now in the process of merging its mobile services business with Reliance Communications, but plans to step up investment in growing Indian start-up eco-system.

Russia's Sistema says to buy 17.14% of its subsidiary in India

Under the agreement, the payment for the shares will be made to the Russian budget in instalments over a period of five years, Sistema said. It did not disclose the price.

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

Telecom firms gear up for deals as competition heats up

With about 980 million wireless users, India's mobile market trails only that of China.

Rel Comm Q1 revenue may hit by weak subscriber additions

Key factors to watch out for would be its commentary on the progress of sale of non-core assets (towers etc.) to deleverage the balance sheet and merger with Sistema. It has debt of USD 6 billion at the of March quarter.

Rel Comm-Sistema M&A not a win-win move

Sistema-RCom is a merger mandated by the weaknesses of both parties - Sistema due to the loss of licences and sub-optimal operations, and RCom due to excessive debt.. It will be tough to make it work even if one party buys out the other; it could be even tougher if the company has two promoters.

Telecom Comm finalises views on spectrum trading norms

Call drops may become fewer and consolidation moves among telecom companies get a fillip as the telecom department has given its final clearance to long-awaited rules on sharing and trading of airwaves.

Sistema Shyam not to participate in spectrum auction

SSTL has consistently maintained that the pricing of 800 Mhz spectrum at Rs 3,646 crore per MHz, SSTL said in a statement. According to sources, the company has decided not to participate in the next month's auction due to these reasons.

Sistema to discuss CDMA spectrum reserve price with govt

Mikhail Shamolin, President & CEO of Sistema told CNBC-TV18‘s Malvika Jain that spectrum is priced at a prohibitive rate, and such a rate may well hamper further investment into the country.

Stocks in news: S Kumars, Wipro, Omaxe, MCX, Coal India

CDMA spectrum in dire straits, will GSM replace it?

The message from the telecom regulatory authority of India is pretty dire. Mobile operators using the CDMA or code division multiple access technology for offering mobile services need to either ramp up their act or quit these valuable radiowaves.

Fitch: Removal of FDI limit positive for telcos

Move could encourage foreign investors to look again at the sector, and allow existing foreign investors to increase their stake in subsidiaries to 100 percent

FDI in telecom hiked to 100%

The government today allowed 100 percent foreign direct investment (FDI) in telecom sector; a key demand of the industry.there is raising of cap from 74 to 100 percent in basic and cellular services. Upto 49 percent remains under automatic route and 49-100 percent through FIPB route, commerce minister Anand Sharma said in a press conference.

Stocks in news: NFL, Corporation Bank, Videocon, IGL

Sistema cuts India spending until break-even

Russian conglomerate Sistema is holding back on major investment in its Indian mobile unit over the next three years to concentrate on making the operation profitable by mid-2015.

Sistema India only applicant for March airwaves auction

Russian conglomerate Sistema's Indian mobile phone unit is the only company that has applied to bid in an airwaves auction due next month, a senior government official said on Monday.

Vodafone challenges government's decision to auction 900MHz spectrum

Vodafone has moved the Delhi High Court on Wednesday against the governments plan to auction off spectrum in the 900MHz band. The petition has been

Sistema Shyam requests DoT to grant it temporary licence

Sistema Shyam Teleservices (SSTL) has requested the Department of Telecommunications (DoT) for a temporary licence so it can continue to operate till the new spectrum auction is held next month.

SC rejects Sistema appeal in telecom licences dispute

Supreme Court on Thursday dismissed an appeal by Russian conglomerate Sistema's Indian unit challenging the court's order last year to revoke its permits after a massive scandal.

Supreme Court to hear Sistema appeal on Jan 10

An appeal by Russian conglomerate Sistema's Indian mobile phone unit challenging a Supreme Court order last year to revoke its cellular permits awarded in a scandal-tainted sale is due to come up for hearing on Thursday, the court's website showed.

Telcos may be allowed to operate after January 18

The Department of Telecommunications (DoT) is mulling over options to allow Sistema, Telenor, Videocon and Tata Teleservices to continue providing services...

TRAI directs 4 telcos to inform subscribers of service termination

According to latest reports, the Telecom Regulatory Authority of India (TRAI) has asked Sistema, Telenor, Videocon and Tata Teleservices to inform their

2G reserve price: Telcos seek further reduction

Even as the EGoM has decided to reduce the reserve price of spectrum in four circles by 30 percent, the telecom industry continues to seek a further reduction in spectrum reserve prices. CNBC-TV18's Malvika Jain dials in various operators to find out their views on the next round of spectrum auctions.