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August 03, 2015 9:54 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: 46
Chief Financial Officer and Deputy Chief Executive Officer
Age: 57
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

Sistema Shyam Teleservices Announces Executive Appointments

Sistema Shyam TeleServices announced two senior leadership appointments with Bijender Yadav being named the chief technology officer and Ashok Singh being named the chief operating officer of Kolkata and West Bengal circles. Bijender Yadav will be responsible for overall network strategy & operations for the company.

Sistema In Talks With RCom

Reliance Communications Ltd. in exclusive talks to buy Russia-based Sistema''s Indian arm Sistema Shyam TeleServices Limited. According to industry sources involved in the deal, SSTL is pushing to have about 10% stake in the resultant entity while RCom wants to settle it at around 7 to 8%. Reliance Communications will offer shares in company in return for Sistema Shyam. The stake could increase to about 50% in the second phase, with the additional fund infusion helping RCom to pare debt, among others things.

Reliance In Exclusive Talks With Sistema

Reliance Communications Ltd. (NSEI:RCOM) and Sistema Shyam TeleServices Limited have entered into exclusive discussions on a potential merger between the two companies through a stock swap related to the acquisition of Indian telecom business of Sistema. “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,” said a statement.

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