'Sistema can now start legal proceedings against India'

Last Updated: Monday, September 10, 2012, 22:04

Sistema, which holds around 56.68 percent stake in Sistema Shyam Teleservices Ltd (SSTL), had served legal notice under Bilateral Investment Promotion and Protection Agreement (BIPA) in February.

Decision on 2G auction participation only by October: SSTL

Last Updated: Monday, September 10, 2012, 19:23

The auction following Supreme Court's order cancelling 122 telecom licenses is scheduled to begin Nov 12 and the companies interested in the auction have to submit their applications by Oct 19.

Sistema Shyam Q2 loss widens Rs 1,180 cr on weak rupee

Last Updated: Monday, September 10, 2012, 13:41

Telecom services provider Sistema Shyam's loss has widened to Rs 1,180.1 crore for the April-June quarter this year mainly due to fall in rupee against dollar.

MTS launches CDMA version of Samsumg Galaxy Y

Last Updated: Monday, September 3, 2012, 22:36

"The phone also empowers customers to use unlimited data and voice services on our network," MTS India Chief Marketing and Sales Officer Leonid Musatov said in a statement.

SSTL sticks to demand for spectrum price at Rs 1,658 cr

Last Updated: Tuesday, August 7, 2012, 19:32

Sistema Shyam Teleservices, India telecom venture of Russian conglomerate Sistema, on Tuesday stuck to its demand of keeping the minimum price of airwaves for pan-India CDMA services at Rs 1,658 crore, after government raised it by over ten times.

MTS plans to launch app for mobile payment through cards

Last Updated: Wednesday, June 27, 2012, 19:31

Sistema Shyam Teleservices, which offer telecom services under the MTS brand, plans to power its smartphones with a card swipe device which would facilitate mobile payment through credit or debit cards.

SSTL reduces internet charges for Delhi NCR region

Last Updated: Tuesday, June 26, 2012, 17:32

Sistema Shyam TeleServices (SSTL) which operates under MTS brand name, on Tuesday said it has slashed internet usage tariffs by up to 60 percent in Delhi NCR circle.

EGoM meet to finalise base spectrum price on June 21

Last Updated: Monday, June 18, 2012, 18:29

The meeting is crucial for the telecom sector as the EGoM will decide on the future course of action by companies.

Russia forms special group to protect cos interest in India

Last Updated: Monday, June 11, 2012, 17:28

A Special Working Group will be established under Lower House of Russian Parliament (Duma) that "will develop necessary mechanisms for protection of the interests of the Russian companies working in India," Russian news agency Interfac reported Monday.

Sistema Jan-Mar profit jumps 3-fold to $380.9 mln

Last Updated: Thursday, May 31, 2012, 21:17

Russian conglomerate Sistema on Wednesday said its net profit has jumped over three-folds to USD 380.9 million in January-March this year on the back of growth in its core assets portfolio and reduced loss in developing assets business, mainly in Sistema Shyam Teleservices (SSTL).

Sistema Shyam's net loss narrows to Rs.528 crore

Last Updated: Tuesday, May 29, 2012, 19:28

The company, which offers CDMA services under MTS brand, had posted a net loss of Rs.666 crore during the like period of the previous financial year.

Sistema to pull out from India if TRAI proposals accepted

Last Updated: Tuesday, May 15, 2012, 20:08

Russian conglomerate Sistema Tuesday warned that it will pull out of India if telecom regulator TRAI's proposals on spectrum auction are accepted by government in their present form, saying the base price for air wave auction should be kept at Rs 1,658 crore.