Sstl

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.

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.

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.

Free to seek fresh approval for 100% FDI: Sistema Shyam

Rajasthan High Court on January 13 dismissed the plea of minority shareholder Jindal Securities and three others seeking listing of SSTL in a fixed timeframe and exit from the company at a pre-determined price.

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.

Sistema eyes USD 300 mn Indian video gaming market

In a bid to popularise the product as well as celebrate its launch, the firm is also organising an online multiplayer gaming championship with a cash prize of Rs 20 lakh.

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.

SSTL rolls out 3G plus telecom network across all circles

The network is used to offer high speed data services. The company, which operates under MTS brand name, also launched a hi-tech dongle priced at Rs 1,299, that provides data speeds of up to 9.8 Mbps.

Shyam Telecom up 20%, SSTL gets unified telecom licence

Russian conglomerate Sistema controlled SSTL today said it has received a unified licence from the Government, which allows the liberal use of telecom technologies for providing the latest 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 favour incumbent 2G operators: SSTL

The recommendations for the third round of auction have favoured incumbent 2G service providers and are disrespect to MTS' investments, alleged SSTL CEO Dmitry Shukov.

MTS shutting operations in UP East circle today

Sistema Shyam TeleServices Limited (SSTL), which offers telecom services under the MTS brand, will be shutting down its operations in Uttar Pradesh (East)...

MTS to end operations in 10 circles from March 23 this year

Sistema Shyam Teleservices (SSTL), which offers telecom services under the MTS brand, will be shutting down operations in 10 circles: Assam, Andhra Pradesh...

SSTL to bid for spectrum, shut down operations in 10 circle

CDMA operator Sistema Shyam Teleservices (SSTL) announced it will participate in the spectrum auction to be held next month and will close operations in 10 service areas after 30 days.

Sistema Shyam seek temporary licence from DoT

Sistema Shyam Teleservices has written to the government seeking a temporary licence, in case Supreme Court orders it to close operations, till the time auction process is completed.

Sistema's India unit boosts revenue, narrows losses

SISTEMA-INDIA-RESULTS:Sistema's India unit boosts revenue, narrows losses

2G case: SC to review petition of govt and telecom cos

The economy is waiting with bated breath for the Supreme Court’s (SC) verdict on the review of its now famous 2G case where it cancelled licenses of a bunch of telecom operators on the ground that they were not procured through proper means. CNBC-TV18's Malvika Jain reports.