Spectrum auction: Lone bidder SSTL bids for eight circles

Last Updated: Monday, March 11, 2013, 08:43

The government will get around Rs 3,639 crore from the 2G spectrum auction for CDMA services, which ended Monday with Russian conglomerate Sistema's Indian unit SSTL being the only bidder.

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

Last Updated: Thursday, February 21, 2013, 14:44

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

SC fiat to Govt, telecom firms on 2G spectrum issue

Last Updated: Monday, February 11, 2013, 20:16

The apex court asked the government to take a position on the issue and made it clear that those telecom companies which continued with their operation after the February 2, 2012, verdict will have to make payment on the basis of reserved price fixed for the fresh auction.

'Hopes of telecom consolidation in India may be short-lived'

Last Updated: Sunday, January 27, 2013, 12:15

In order to attract more bidders, the government has reduced base price of CDMA spectrum by 50 percent; and of GSM spectrum by 30 percent for second round of spectrum auction expected to start from March 11.

Sistema intend to continue operations in India

Last Updated: Thursday, December 27, 2012, 13:19

Sistema Shyam Teleservices, whose permits have been cancelled by Supreme Court, today informed customers of its intention to continue operations beyond January 18, 2013.

Sistema warns of “billions of dollars” claims if licence issue not resolved

Last Updated: Monday, December 10, 2012, 20:51

Russia's Sistema has warned it will seek "billions of dollars" in damages from India if licence cancellation issue of its Indian telecom venture Sistema Shyam is not resolved in time.

Operating on every day, every week basis: Sistema Shyam

Last Updated: Thursday, December 6, 2012, 19:02

Telecom operator Sistema Shyam Teleservices, whose licences expire in January, is operating on a "every day, every week basis" even as the company is awaiting the Supreme Court decision on the curative petition.

SSTL to look at low investment model if operations continue

Last Updated: Sunday, November 25, 2012, 18:29

Sistema Shyam Teleservices Ltd (SSTL), whose 21 licences were cancelled by the Supreme Court in February, has said it will look at a business model that involves lower investments than those made in the past if its operations continue.

No plan to acquire any telecom player: SSTL

Last Updated: Wednesday, November 21, 2012, 18:33

A joint venture between Russian conglomerate Sistema and Shyam Teleservices, SSTL's 21 licences were among the 122 licences quashed by the Supreme Court in February.

Sistema open to acquisition in India

Last Updated: Monday, November 19, 2012, 16:46

SSTL has filed a curative petition in the Supreme Court seeking to restore its licences.

Sistema Shyam narrows Q3 loss to Rs 495 crore

Last Updated: Monday, November 19, 2012, 15:37

The company had posted a net loss of Rs 1,009.7 crore in the same period a year ago.

All parties to Sistema dispute free to take legal recourse: India

Last Updated: Tuesday, October 30, 2012, 18:34

Russia, which has been conveying its unhappiness over the issue time and again, had earlier said the row over Sistema will have "great repercussion" not only on Indo-Russian bilateral cooperation but also for foreign investments in India.