Articles tagged with: Sstl

Sistema Buys Out Russian Government Stake in India's MTS

Russia's Sistema is buying the 17.14% stake in India's Sistema Shyam Tele-Services Ltd (SSTL) currently owned by the Russian government. more

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MTS India Announces New CEO

India's Sistema Shyam TeleServices (SSTL), which operates its telecom services under the MTS brand has announced that Dmitry Shukov is to take over from Vsevolod Rozanov, the current President and CEO of SSTL. more

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Moody's: Spectrum auction result is credit positive for Sistema

Moody's said that the result of a recent auction for mobile spectrum in India is credit positive for Sistema as it implies that the company will need to make only moderate additional investment to retain its business in India, while it also provides growth opportunities due to technological neutrality of the won spectrum. more

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MTS Sole Bidder for Indian 800Mhz Spectrum Auction

India's Sistema Shyam TeleServices Ltd. (SSTL) was the sole bidder in the country's auction of 800Mhz spectrum, and says that it won spectrum in eight circles. more

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MTS India to Shut-Down its Network Across Half the Country

India's Sistema Shyam TeleServices Limited (MTS India) has confirmed that it is to close down its mobile networks in ten circles across the country after the Supreme Court rejected its appeal to keep them running. more

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Fitch Affirms Sistema at 'BB-'; Outlook Stable

The ratings agency said that Sistema ratings continue to be supported by the solid operating and financial performance of its two largest subsidiaries, the mobile network, Mobile TeleSystems (MTS) and the oil firm, Bashneft.  more

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Russia's Sistema Ready to Seek Legal Action to Recover Indian GSM Licenses

Russia's Sistema is now cleared to seek a legal review of the cancellation of the GSM licenses held by its Indian subsidiary, SSTL - which trades as MTS India. more

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Fitch: Shyam Risks Reflected in Sistema's Current Ratings

Fitch Ratings says that Sistema's exposure to debt and losses under the current business plan at its majority-controlled subsidiary SSTL (Shyam) in India is already reflected in Sistema's current ratings.  more

Related Tags: sistema, mts-india, India


MTS India to Raise $1.2 Billion from Shareholders

Russia's Sistema has announced that its Indian subsidiary has approved plans to increase its authorised capital from INR 60 billion to INR 120 billion (US$2.36 billion) by issuing INR 60 billion (US$1.18 billion) worth of new shares. more

Related Tags: mts, sistema, India


MTS India Raises $200 Million Loan to Fund Network Expansion

India's Sistema Shyam TeleServices Limited (SSTL) that operates its services under the MTS brand has announced raising a US$200 million bank loan.  more

Related Tags: sistema-shyam-teleservices-limited, sistema-shyam, India


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