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Sistema, the largest public diversified corporation in Russia, acquired a 10% stake in Shyam Telelink for a total cash consideration of US$11.4 million at the end of September 2007. Shantanu Telecom along with their partner Sistema had applied for UASL licence in 22 telecom circles of India.
On 14 January 2016, Reliance Communications announced that it had acquired Sistema Shyam TeleServices Limited (SSTL, operating as MTS India) in an all-stock deal. SSTL received a 10 per cent stake in Reliance Communications after repaying its existing debt.
The sole bidder in the auction was Sistema Shyam TeleServices Limited (SSTL), under the brand name MTS, who bid for spectrum in the 800 MHz band. Results. The auction was held on 11 March and lasted little over 4 hours. [36] Auction rounds were scheduled to begin between 0900 hrs and 1900 hrs IST. [30]
In 2008, Sistema formed 74:26 joint venture with India's Shyam Group to form Sistema Shyam Teleservices (SSTL), and acquired a pan-India licence to provide CDMA services in the country. In March 2009, SSTL launched the MTS India brand in the state of Tamil Nadu , followed by neighbouring states Kerala and West Bengal in April and May respectively.
The president-elect's use of a state consumer fraud statute against the Des Moines Register for a poll that missed the mark is a stretch, experts say
The Supreme Court appeared poised Tuesday to significantly weaken the scope of environmental reviews of major infrastructure projects in a case that could hand President-elect Donald Trump an ...
Many foods marketed as 'high-protein' may not be as healthy as they claim due to their high-fat, sodium, and sugar content, shows a study from Spain.
2 February: The Supreme Court cancels the 122 licenses issued by Raja and imposes a ₹50 million ($1,018,122) fine on Unitech, Swan and Tata Teleservices and a ₹5 million fine on Loop Telecom Pvt Ltd, S-Tel, Allianz Infratech and Sistema Shyam Tele Services.