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SISTEMA JSFC
Sistema sells its 10 per cent stake to exit Reliance CommunicationsSistema JSFC took a call to exit RCom after the beleaguered telco recently got embroiled in insolvency proceedings, a person with direct kn...- Sistema JSFC reluctant to buy RCom’s subsea cable arm GCXSistema JSFC is now keen to buy only RCom’s enterprise business and the nine data centres, which are collectively valued at about $600 mill...
- DoT's approval for SSTL-RCOM merger likely in Q4: SistemaThe Russian conglomerate, however, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger ...
- DoT nod for SSTL merger with RCom likely in 4Q, 2016: SistemaThe Russian conglomerate, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger process.
- Sistema Asia Fund invests in Seclore founded by ex-IITiansSistema JSFC has provided $12 mn of Series B funding to Seclore as part of a four-member investor consortium, a person with direct knowledg...
- Sistema sets up $50 million fund to invest into start-upsSistema Asia Fund will also support Indian startups in its preferred domains that are looking to expand into the Russian market.
- SSTL names Ilya Kosolapov as chief finance officerSSTL has named Ilya Kosolapov as CFO who takes over at a time the Indian unit of Russia's Sistema JSFC is speeding up its merger with Relia...
- Sistema CEO Mikhail Shamolin warns CDMA base price to hurt India operationsThe way GSM and CDMA platforms are evolving, the long-term roadmap for both leads to LTE or `long-term evolution' (a 4G technology), he sai...
- Sistema looks to diversify, tie up with Indian companiesSistema operates CDMA-based mobile services in the country in partnership with India’s Shyam Group and has invested $3.5 bn in the telecom ...
- Sistema Shyam Teleservices to reapply to FIPB for higher foreign ownershipThe DoT had said that the plan would need approval from the Reserve Bank of India, and not the DoT, as it had been structured like an overs...
- India investments depend upon spectrum price: Sistema JSFC CEORussia's Sistema JSFC, which controls Sistema Shyam Teleservices, will draw its investment roadmap in India based on CDMA spectrum base pri...
- Government rejects Sistema Shyam Teleservices' FDI proposalSSTL, controlled by Russian conglomerate Sistema JSFC, had applied in May to increase the total FDI in the company beyond 73.95 per cent.
- FIPB clears 21 FDI projects, rejects Sistema Shyam's proposalThe Foreign Investment Promotion Board, headed by Finance Secretary Arvind Mayaram, at its meeting today considered 35 proposals.
- Telecom operator SSTL banks on 'smart home' solutions to grow data services businessTelecom operator Sistema Shyam Teleservices plans to target India's top builders with `smart home' solutions to grow its data services busi...
- DoT may seek funding, shareholding data from SSTL for FDI hikeSSTL, which operates under MTS brand, has sought approval of the FIPB to raise FDI limit in the firm from 73.95 at present.
- Sistema is open to M&A in India: SSTL CEO Dmitry ShukovSistema JSFC currently holds 56.68% in SSTL, while Russian government and other foreign entities hold 17.14% and 0.13% share respectively.
- Sistema Shyam seeks FIPB nod to increase foreign stake in itSistema JSFC controlled telecom operator Sistema Shyam Teleservices has sought the government approval to raise foreign stake in the firm b...
- Sistema JSFC seeks nod to up stake in India arm SSTL to 100%Sistema JSFC has sought govt approval to raise its stake up to 100% in Sistema Shyam Teleservices, becoming the second telco after UK’s Vod...
- If one can manage here, one can do so anywhere: Dmitry ShukovIndian arm of Russian conglomerate Sistema JSFC could actually lead the consolidation charge once the M&A rules are clear, Dmitry Shukov sa...
- Telecom Minister wants Law Minister to be ready for any action by SistemaKapil Sibal has said all steps like arbitrator's appointment and firming up the govt's stand should be taken if Sistema seeks arbitration.
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