July 24, 2017 11:56 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
Age: 59
Chief Finance Officer
Age: 34
Chief Marketing & Sales Officer and Chief Commerce Officer
Age: 45
Deputy Chief Executive Officer and Head of Regulatory
Age: 63
Chief Operating Officer of Tamil Nadu Circle
Age: 49
Compensation as of Fiscal Year 2017.

Sistema Shyam TeleServices Limited Key Developments

Tata Reportedly In Early Talks To Join Reliance, Aircel and MTS

Reliance Communications Limited (NSEI:RCOM) and Tata Sons Limited are believed to have initiated talks to explore a possible union that could see Tata Teleservices (Maharashtra) Limited (BSE:532371) join forces with the merged Reliance, Aircel Cellular Limited and Sistema Shyam TeleServices Limited, persons familiar with the matter said. According to media reports, Reliance Group Chairman Anil Ambani has approached N Chandrasekaran, who takes over as Tata Sons' chairman on Tuesday, to discuss the merger. However, the report added that no deal has been finalised and obstacles include Tata Teleservices' huge debt.

Reliance Communications Limited Announces the Approval of Scheme of Arrangement between Reliance Communications Limited and Sistema Shyam Teleservices Limited

Reliance Communications Limited has announced that Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Arrangement between Reliance Communications Limited and Sistema Shyam Teleservices Limited (SSTL) and their respective shareholders and creditors (Scheme) pursuant to the petition filed by the company. The Hon'ble Rajasthan High Court has already sanctioned the Scheme on September 30, 2016 pursuant to the petition filed by SSTL.

SSTL Reportedly Eyeing merger With RCom

Sistema Public Joint Stock Financial Corporation (MISX:AFKS) is looking for a possible merger of its unit. Sistema Shyam TeleServices Limited (SSTL) is looking for a merger with Reliance Communications Ltd. (NSEI:RCOM) (RCom) and may close a potential deal by October 2015, according to SSTL spokesperson. The spokesperson stated, “SSTL and RCom are waiting for a necessary legal endorsement and an approval from corresponding authorities to officially formalize the merger. We hope the process will be finished by the fourth quarter of 2016.” Talks have already been initiated with Sistema, which already holds 10% in RCom, the news reported.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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