January 27, 2015 2:00 PM ET

Wireless Telecommunication Services

Company Overview of Sistema Shyam TeleServices Limited

Company Overview

Sistema Shyam TeleServices Limited provides wireless telecommunication services. Its products and services include voice and data, prepaid mobile broadband, HSD services on national highways, Wi-Fi, short messaging service (SMS), short code SMS services, auto-renewal based subscription service, live TV, video on demand service, SMS portal, caller tunes, voice portal, and entertainment. The company also offers handsets, including MTS feature phones, open market phones, fixed wireless phones, and archived models; MTS Info that provides information on news, cricket, jokes, astrology, railway enquiries, and more; and free mobile calling to various smartphone customers. In addition, it offers dat...

MTS Tower, 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
Age: 45
Managing Director
Age: 53
Managing Director
Age: 58
Chief Financial Officer
Age: 56
Chief Marketing & Sales Officer and Chief Commerce Officer
Age: 42
Compensation as of Fiscal Year 2014.

Sistema Shyam TeleServices Limited Key Developments

Indian Court Rules in Favor of Sistema Shyam TeleServices Limited in Minority Shareholder Dispute

The High Court of Rajasthan at Jaipur vide its final Order (Case No. 45/2012 in SB Company Petition No. 23/2005) passed by Justice Mr. Alok Sharma dated Jan. 09, 2015 has ruled in favor of Sistema Shyam TeleServices Limited (SSTL), while dismissing the application filed by certain minority shareholders. The minority shareholders had filed an Application seeking compulsory listing of shares of SSTL in a fixed timeframe; exit from the company at a pre-determined high price and appointment of representative of minority shareholder on the Board of Directors. The High Court while dismissing the Application filed by the minority shareholders ruled that listing of SSTL was not a mandatory part of scheme of arrangement and listing of SSTL's shares on the Stock Exchanges within a specified time cannot be held to be the raison d’ ere of the scheme of arrangement sanctioned by the High Court in 2006.

Sistema Shyam TeleServices Mulls Acquisitions

Sistema Shyam TeleServices Limited is open to acquisitions and is also looking at increasing stakeholder funding to ease debt. "Once we get clarity on merger and acquisition (M&A) norms from the government, we are open to tap right opportunity for inorganic growth," Sistema Shyam head of strategy Ranjan Banerjee said. "With a majority of debt from Chinese banks, we are looking at incremental funding through equity stake through shareholders," Banerjee said, adding that their current loans were long-term external commercial borrowings.

Sistema Shyam TeleServices Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014

Sistema Shyam TeleServices Ltd. announced unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the period, the company reported consolidated revenues increased by 20% year on year to INR 3,427 million (USD 56.5 million), mainly on account of data revenue growth. Consolidated OIBDA loss for the quarter stands at INR 1,037 million (USD 17.1 million).

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