Reliance Communications shareholders approve Rs 4,500-crore SSTL merger
Reliance Communications Tuesday said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.
Mar 08, 2016, 21:52 PM IST
RCom gets CCI go-ahead to acquire Sistema's MTS
As per the deal, SSTL will hold about 10 percent stake in RCom and pay off its existing debt before closing the deal.
Feb 22, 2016, 15:36 PM IST
Reliance Communications, Sistema to move court for merger nod
RCom in November last year announced a major accord to acquire the Indian business of Russia`s Sistema -- which is operating under the `MTS` brand.
Jan 14, 2016, 14:57 PM IST
RCom-Sistema deal signals more telco M&As: Fitch
On the RCom-SSTL deal, Fitch said it is unlikely to help RCom in meaningfully reducing its USD 6 billion in net debt.
Nov 10, 2015, 20:48 PM IST
Reliance Communications mulls merger with MTS India
The board of Anil Ambani-led Reliance Communications (RCom) will on Monday consider a merger arrangement with the India operations of Russian telecom giant MTS, RCom said in a filing with the Bombay Stock Exchange (BSE).
Nov 01, 2015, 16:06 PM IST
MTS planning Rs 1 lakh accidental insurance for new customers
Sistema Shyam Teleservices, which operates under MTS brand, is in final stage of discussion with Oriental Insurance company to provide Rs 1 lakh accidental insurance cover to its new data subscribers.
Oct 18, 2015, 13:41 PM IST
CCEA to decide on two FDI proposals worth Rs 13,200 crore
Cabinet will take a final call on Rs 13,200-crore FDI proposals of Sistema Shyam TeleServices and IIFL Holdings, which have been referred to it for consideration by Foreign Investment Promotion Board (FIPB).
Oct 07, 2015, 22:32 PM IST
SSTL Q2 net loss at Rs 400.4 crore
Sistema Shyam Teleservices (SSTL), which operates its telecom services under the MTS brand, on Wednesday reported marginal widening of net loss to Rs 400.4 crore for the quarter ended June 30, 2015, on account of forex losses.
Aug 26, 2015, 12:37 PM IST
MTS rolls out open Web data plans across 9 circles
Seeking to put itself on the right side of the Net neutrality debate, Sistema Shyam Teleservices (SSTL) Monday launched open Web data plans, starting at Rs 299, giving users equal access to all websites and services.
Aug 10, 2015, 17:13 PM IST
RCom shares up 3% on merger talks with Sistema
Shares of Reliance Communications on Tuesday rose nearly 3 percent after the company said it's in talks to buy Russia-based Sistema's Indian arm to consolidate its position as the nation's fourth-largest telecom player.
Jun 16, 2015, 12:02 PM IST
Telecos need to talk to each other for alliances, 4G : SSTL
Amid challenging market dynamics, telecom operators are discussing with each other for partnerships and alliances, including 4G services, telecom firm Sistema Shyam Teleservices on Tuesday said.
Jun 02, 2015, 17:56 PM IST
SSTL net loss widens to Rs 391 crore in Q1
Sistema Shyam Teleservices, which operates mobile services under MTS brand, on Tuesday reported widening of its net loss to Rs 391 crore during the first quarter ended March 31.
Jun 02, 2015, 12:33 PM IST
Sistema keen on spectrum sharing, trading; awaits guidelines
Sistema Shyam Teleservices, which is not participating in the ongoing spectrum auction, is now awaiting sharing and trading guidelines for airwaves for its business expansion.
Mar 24, 2015, 14:57 PM IST
Ambanis, Bharti, Vodafone, 5 others to slug it out for spectrum
Eight private telecom operators including Airtel, Vodafone, Idea, RCom, Reliance Jio and Uninor Monday submitted applications to bid for spectrum in the auctions starting March 4.
Feb 16, 2015, 18:44 PM IST
SSTL enters home WiFi segment
Sistema Shyam TeleServices (SSTL), which operates under MTS brand name, Wednesday announced its entry into the home WiFi segment as the telecom operator eyes increased revenues from data usage.
Feb 11, 2015, 14:35 PM IST
Delhi HC to test MTS internet speed claims
The Delhi High Court on Friday asked Sistema Shyam Teleservices Ltd (SSTL), which provides high speed internet under the name MTS, to bring their "equipment" on Monday to test their claim that they provide speeds upto 9.8 Mbps.
Dec 12, 2014, 19:37 PM IST
SSTL Q3 net loss narrows at Rs 437.9 crore
The company had reported a net loss of Rs 760.1 crore in the same period a year ago.
Nov 25, 2014, 15:03 PM IST
SSTL Q2 net loss narrows to Rs 402.5 crore
Sistema Shyam Teleservices (SSTL) Monday reported a narrowed down net loss of Rs 402.5 crore for the second quarter ended June 30 on account of cost optimisation and operational efficiencies.
Aug 25, 2014, 16:13 PM IST
