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November 25, 2015 6:34 PM ET

Wireless Telecommunication Services

Company Overview of Sistema Shyam TeleServices Limited

Company Overview

Sistema Shyam TeleServices Limited operates as a telecom company that provides data services in India. The company offers telecom services under the MTS brand to approximately 10 million wireless subscribers, including approximately 1 million high speed mobile broadband customers in approximately 450 towns. It also provides a range of Android smartphones; MTS TV, a free to download application, which provides on the move access to approximately 100 Live TV and video on demand channels; Wi-Fi devices; VAS services; and voice roaming special tariff vouchers, and data card roaming services. The company, through its wholly owned subsidiary, Shyam Internet Services Limited provides Internet servi...

MTS India Towers

334, Udyog Vihar

Phase -IV

Gurgaon,  122001


Founded in 1995


91 12 4481 2500


91 12 4481 2825

Key Executives for Sistema Shyam TeleServices Limited

Chief Executive
Age: 57
Acting Chief Financial Officer and Head of Business Reporting and Mis Department
Age: 39
Chief Marketing & Sales Officer and Chief Commerce Officer
Age: 43
Deputy Chief Executive Officer and Head of Regulatory
Age: 61
Chief Operating Officer of Tamil Nadu Circle
Age: 47
Compensation as of Fiscal Year 2015.

Sistema Shyam TeleServices Limited Key Developments

RCom Board To Consider Merger With Sistema

The Board of Directors of Reliance Communications Ltd. (NSEI:RCOM) will attend a meeting on November 2, 2015, to consider a scheme of arrangement with Sistema Shyam TeleServices Limited. Board will will explore if Sistema could be offered a stake 8-10% stake in the merged entity and RCom would hold the rest. Reliance Communications said "The discussions are indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary. There is no certainty that any transaction will result,".

Sistema Shyam Teleservices Announces Executive Changes

Sistema Shyam Teleservices CEO Dmitry Shukov put in his papers, citing personal grounds and deputy COO & CFO Sergey Savchenko was named the new chief executive at a board meeting. With Savchenko stepping into the hot seat, Sistema Shyam's business reporting and MIS (management information systems) head Elena Pe retrukhina has been named acting chief financial officer (CFO). Shukov had assumed the reins at Sistema Shyam in June 2013 after former India head Vsevolod Rozanov was named global finance head o Russian parent Sistema JSFC.

Sistema Shyam Teleservices Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

Sistema Shyam TeleServices Limited announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. Revenues were RUB 3,076 million compared to RUB 1,957 million a year ago. Negative OIBDA was RUB 283 million compared to RUB 797 million a year ago. Operating loss was RUB 447 million compared to RUB 1,056 million a year ago. Net loss attributable to Sistema was RUB 1,619 million compared to RUB 1,323 million a year ago. Revenues increased by 57.2% year-on-year in rouble terms and by 11.9% year-on-year in Indian rupees, driven by significant growth in the consumption of data services. OIBDA loss substantially reduced year-on-year mainly as a result of the growing contribution of data revenues, continued optimisation of sales and marketing expenses and a reduction in interconnect charges.

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