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May 22, 2015 9:36 AM 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

India

Founded in 1995

Phone:

91 12 4481 2500

Fax:

91 12 4481 2825

Key Executives for Sistema Shyam TeleServices Limited

Chief Executive Officer, Whole-Time Director, Chairman of Business Excellence Committee and Member of Corporate Conduct & Ethics Committee
Age: 45
Chief Financial Officer and Deputy Chief Executive Officer
Age: 56
Chief Marketing & Sales Officer and Chief Commerce Officer
Age: 42
Deputy Chief Executive Officer and Head of Regulatory
Age: 60
Head of Sales & CSD Operations
Age: 48
Compensation as of Fiscal Year 2014.

Sistema Shyam TeleServices Limited Key Developments

Sistema Denied Rumors Of Selling Indian Wireless Business To Reliance

Sistema JSFC (MICEX:AFKS) denied rumors of selling Sistema Shyam TeleServices Limited to Reliance Communications Ltd. (BSE:532712). Vladimir Yevtushenkov revealed that the talks held were about the possibility of forming a joint venture in India. "We have been talking to different people regarding business expansion. Honestly, there is nothing much to say,” Yevtushenkov said.

Reliance Communications Reportedly In Talks To Buy Sistema India Unit - Reliance Communications Denies Speculation

Reliance Communications Ltd. (BSE:532712) is in talks to acquire Sistema JSFC (MICEX:AFKS)' s Indian wireless business, Sistema Shyam TeleServices Limited, people with knowledge of the matter said. Ladimir Evtushenkov, who controls Sistema, met Anil Ambani of Reliance in recent weeks to discuss combining their wireless operations in the country, the people said. The deal structure being discussed would involve a share swap with no cash changing hands, though details are subject to change, two of the people said, asking not to be identified as the information is private. Reliance and Sistema haven’t yet agreed on pricing, and the talks may not result in a deal, two of the people said. Sergey Kopytov, a Moscow-based spokesman for Sistema, declined to comment. “The query is completely speculative and incorrect, and we strongly deny any such move,” Reliance Communications said in an e-mailed statement.

Vladimir Does Not Seek To Sell Sistema Shyam TeleServices

Vladimir Yevtushenkov said that he is not looking to sell his Indian telecoms unit, Sistema Shyam TeleServices Limited.

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