Wireless Telecommunication Services
Company Overview of Sistema Shyam TeleServices Limited
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
Founded in 1995
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
Chief Financial Officer and Deputy Chief Executive Officer
Chief Marketing & Sales Officer and Chief Commerce Officer
Deputy Chief Executive Officer and Head of Regulatory
Chief Operating Officer of Tamil Nadu Circle
Compensation as of Fiscal Year 2015.
Sistema Shyam TeleServices Limited Key Developments
Sistema In Talks With RCom
Jun 16 15
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
Jun 15 15
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.
Sistema Makes Progress In M&A Talks For Sistema Shyam TeleServices
Jun 10 15
Sistema JSFC (MICEX:AFKS) has made progress in talks on a potential deal with Sistema Shyam TeleServices Limited (SSTL) and on restructuring Rosimushchestvo's put option on sale of a stake in SSTL to Sistema. "We are negotiating with several partners on potential M&A deals, including our Indian business," Sistema President Mikhail Shamolin said. "I think that there will be an official statement - I can't comment on the details, but I can assure you, we have achieved progress," Mikhail Shamolin added. "We are conducting negotiations not only with Rosimushchestvo, but also with the Finance Ministry and I think there has been progress. There is likelihood that we will be able to restructure the option on terms that suit us," Mikhail Shamolin said.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
Most Searched Private Companies
Sponsored Financial Commentaries