Sistema

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Sistema - Total results - 21
RCom concludes its merger with Sistema Shyam Teleservices
News & Analysis

RCom concludes its merger with Sistema Shyam Teleservices

Under the terms of the agreement between RCom and Sistema, RCom will acquire the telecommunications business of SSTL including its licenses.

Tit for tat: ONGC in Russia to pay for Sistema's licence cancellation?
Business

Tit for tat: ONGC in Russia to pay for Sistema's licence cancellation?

RS Sharma, former chairman of ONGC, the parent company of ONGC Videsh, has told Economic Times that action on Sistema will have a long term impact on ONGC Videsh.

Vodafone challenges government's decision to auction 900MHz spectrum
News & Analysis

Vodafone challenges government's decision to auction 900MHz spectrum

Vodafone has moved the Delhi High Court on Wednesday against the government’s plan to auction off spectrum in the 900MHz band. The petition has been

Sistema Shyam requests DoT to grant it temporary licence
News & Analysis

Sistema Shyam requests DoT to grant it temporary licence

Sistema Shyam Teleservices (SSTL) has requested the Department of Telecommunications (DoT) for a temporary licence so it can continue to operate till the new spectrum auction is held next month.

SC dismisses telcos appeal in 2G licence dispute
Business

SC dismisses telcos appeal in 2G licence dispute

Supreme Court on Thursday dismissed an appeal by Russian conglomerate Sistema's Indian unit challenging the court's order last year to revoke its permits after a massive scandal.

Govt hopes to mop up Rs 9500 cr in CDMA auction
Business

Govt hopes to mop up Rs 9500 cr in CDMA auction

The auction includes Rs 6,463.95 crore from auction directly and Rs 3,033.20 crore from one-time spectrum fee that will be levied on existing players, official sources said.

Sistema unhappy with CDMA reserve price cut, asks for more
Business

Sistema unhappy with CDMA reserve price cut, asks for more

Not only has Sistema said the price reduction is not enough, other players may also decide not to participate in the auctions unless there is clarity on whether the spectrum on offer in this band, 800 mhz, is liberalised or not

Telcos may be allowed to operate after January 18
News & Analysis

Telcos may be allowed to operate after January 18

The Department of Telecommunications (DoT) is mulling over options to allow Sistema, Telenor, Videocon and Tata Teleservices to continue providing services...

TRAI directs 4 telcos to inform subscribers of service termination
News & Analysis

TRAI directs 4 telcos to inform subscribers of service termination

According to latest reports, the Telecom Regulatory Authority of India (TRAI) has asked Sistema, Telenor, Videocon and Tata Teleservices to inform their

Sistema talks tough on 2G: asks govt to show how it will help
Business

Sistema talks tough on 2G: asks govt to show how it will help

Russian telecom major Sistema is taking a hard line on the cancellation of its 2G licences. It won't bid unless there is clarity on how it will be compensated

Foreign investor notices over 2G premature: DoT
Business

Foreign investor notices over 2G premature: DoT

Four foreign investors (Telenor, Sistema, Capital Global and Kaif Investment) have sent dispute notices to the government under respective bilateral investment protection treaties.

Sistema Shyam files curative petition in SC in 2G case
Business

Sistema Shyam files curative petition in SC in 2G case

Sistema Shyam Teleservices Ltd (SSTL) today filed a curative petition in the Supreme Court seeking re-examination of its verdict cancelling its liceneces for the 2G spectrum allocated during the tenure of former Telecom Minister A Raja.

Sistema takes Rs 3,700 cr hit on cancelled licences
Business

Sistema takes Rs 3,700 cr hit on cancelled licences

Sistema which lost 21 licences in the 2 February SC order, has taken a hit of $700 million for this setback. Despite the writeoff Sistema is unlikely to pull the plug on the Indian telecom sector.

Sistema to take $1 bn writedown on India
Business

Sistema to take $1 bn writedown on India

The writedown is a non-cash item that will be recognised in Sistema's fourth-quarter results, eroding earnings.

SC rejects telco pleas: What next for foreign investors?
Business

SC rejects telco pleas: What next for foreign investors?

The court's decision will cause more disappointment among foreign investors, who are currently under attack from a host of measures that seem designed to make investing in India extremely taxing and difficult.

What 2G scam, asks Sistema. We were the only guys in 'Q'
Business

What 2G scam, asks Sistema. We were the only guys in 'Q'

India has more to lose if the Russian government were to insist on invoking the bilateral agreement since trade of $5 billion happens between the two countries.

2G: Is Telenor playing Kapil Sibal's game by upping ante?
Business

2G: Is Telenor playing Kapil Sibal's game by upping ante?

Why is Telenor raising the arbitration issue when it has already filed a review petition in the Supreme Court?

CIL's 'board of shame': Is govt any better than Satyam's Raju?
Business

CIL's 'board of shame': Is govt any better than Satyam's Raju?

Coal India's biggest non-government investors has called its board a "board of shame". It will have repercussions for foreign investment

FDI in reverse: 'Return our money', says 2G order victims
Business

FDI in reverse: 'Return our money', says 2G order victims

As uncertainty dogs the telecom industry in the wake of the Supreme Court's order, some are asking for a refund.

Settle 2G dispute in 6 months or face legal arbitration: Sistema to govt
Business

Settle 2G dispute in 6 months or face legal arbitration: Sistema to govt

Russian conglomerate Sistema has threatened India with international arbitration proceedings if the government fails to resolve the fallout due to a recent court decision cancelling the company's permits to offer mobile services in the country, within six months.