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May 03, 2015 6:13 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

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 Shyam Teleservices Ltd. Announces Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014

Sistema Shyam TeleServices Ltd. announced financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, revenue was $56.7 million compared to $47.9 million a year ago. Adjusted operating loss was $41.1 million compared to $52.5 million a year ago. Adjusted net loss attributable to Sistema was $39.6 million compared to $36.5 million a year ago. For the year, revenue was $220.7 million compared to $209.4 million a year ago. Adjusted operating loss was $141.8 million compared to $210.2 million a year ago. Adjusted net loss attributable to Sistema was $129.7 million compared to $225.1 million a year ago. Capital expenditure was $43.3 million compared to $45.8 million a year ago. Revenues increased by 5.4% year-on-year in 2014 and by 18.2% year-on-year in the fourth quarter, mainly as a result of development of its data segment.

Sistema Shyam Teleservices Ltd. Announces Earnings Results for the Fourth Quarter and Full Year of Fiscal 2014; Provides Cash Flow Guidance for the First Quarter of Fiscal 2015

Sistema Shyam TeleServices Ltd. announced earnings results for the fourth quarter and full year of fiscal 2014. For the quarter, the company announced that its revenue totaled INR 3.5 billion, which was 17% more than the same period in 2013, driven largely by an increase in data revenue. The OIBDA loss narrowed 25% in 2014 to INR 1.57 billion, due to increased revenue, cost optimization, strict control over marketing and other expenditures and also on account of operational efficiencies. The company's net loss widened 8% in the quarter to INR 4.8 billion, mainly due to higher sales and marketing expenses and forex losses. The company's investment program was INR 1.4 billion. For the full year, the company announced that its revenue rose 10% to INR 13.5 billion. The OIBDA loss for the full year narrowed 42% to INR 4.94 billion. The full-year loss narrowed 39% to INR 16.4 billion. The company provided cash flow guidance for the first quarter of fiscal 2015. The company intends to achieve a positive cash flow in the first quarter of 2015.

Sistema Shyam TeleServices Launches Residential Wi-Fi Solution

Sistema Shyam TeleServices has launched a Wi-Fi solution for the residential segment. The company's Homespot Instant WiFi solution comes with an MBlaze Ultra dongle which works with a plug and play mechanism and can provide high speed broadband access to 5 users simultaneously including smartphone users.

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