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Articles tagged with: Sistema
Sistema Closes Transaction With MTS To Sell Stake In Comstar-UTS
Russia's sistema Group says that it has completed the sale of a 50.91% stake in Comstar-UTS to MTS for RUB 39.15 billion (approximately US$1.32 billion). As the result of this transaction sistema Group's total shareholding in Comstar-UTS was transferred to MTS. more
Related Tags: mts, comstar-uts, Russia
Fitch Maintains Russia's MTS on Ratings Watch Negative
Fitch Ratings says that it is maintaining Russia's MTS on Rating Watch Negative (RWN) following news that it is to buy a controlling stake in landline operator, Comstar from its parent company, sistema. more
Related Tags: comstar-uts, mts, fitch-ratings, Russia
Russia's MTS Buys Controlling Stake in Landline Operator
Russian mobile network operator, MTS is to buy the 50.91% stake in landline operator, Comstar-UTS that is held by their mutual parent company, sistema. The company will pay around US$1.272 billion for the controlling stake. more
Related Tags: comstar-uts, mts, Russia
Russian Government May Buy Svyazinvest Stake
Russia's telecoms market faces a shake-up after further details emerged that could result in conglomerate, sistema swapping a quarter of landline firm, Svyazinvest and half of CDMA operator, SkyLink for a 23% stake in Moscow landline operator, Moscow City Telephone Company (MGTS) along with the cancellation of debts of around US$826 million owed to Sberbank. more
Related Tags: svyazinvest, mts, vimpelcom, megafon, comstar, Russia
Svyazinvest Planning to Merge Russian Mobile Networks
Russia's Communications and Press Minister Igor Shchyogolev has confirmed that Svyazinvest is planning to merge its separate mobile network operator subsidiaries into a single company. The move is expected to make it easier for the state-controlled company to compete with the three main private networks who dominate the market. more
Related Tags: svyazinvest, mts, vimpelcom, megafon, comstar
Russia's MTS Gets Approval to Buy Landline Operator
Russia's Mobile TeleSystems (MTS) says that it has received approval from the Federal Anti-Monopoly Service (FAS) to acquire the Russian landline operator, Comstar UTS, based on its application filed on May 22, 2009. more
Related Tags: mobile-telesystems, mts, comstar, Russia
Intracom Telecom Wins Supply Contracts from Russia's MTS
Intracom Telecom has won two frame contracts worth US$45 million in total, for the supply of its point-to-point (Intralink) and point-to-multipoint (WiBAS) radio equipment to MTS Russia. The duration of both frame agreements is 12 months. more
Related Tags: intracom-telecom, mts, sitronics, Russia
Russia's MTS Launches a CDMA Network in India
Russian backed Indian mobile network operator, sistema Shyam Teleservices (SSTL) has launched its CDMA network Tamil Nadu, Chennai and Pondicherry, under the MTS brand. The company outlined plans for a US$5 billion investment over the next five years, and expects to list on the local stock-exchange by the end of next year. more
Related Tags: ict, mts, cdma, ovi, sistema-shyam-teleservices, chennai, presence, rajasthan, tamil-nadu, India
India Added 13.44 Million Mobile Subscribers in February
India's telecoms regulator has published the connection figures for February, noting that a total of 13.42 million telephone connections (Wireline and Wireless) have been added during February 2009 as compared to 15.26 million connections added in January 2009. more
Related Tags: vodafone, mtn, cdma, bpl-mobile, India
Russian Government May Be Preparing to Take Stake in Indian Operator
The Russian government is reported to be preparing to take an indirect stake in an Indian mobile phone network, local media reports have suggested. According to a copy of the government budget, Russia has set aside 23.7 billion rubles "for acquiring shares in the joint venture Shyam Telelink," - a new Indian mobile phone network. more