Russia will acquire 19.8 per cent stake in Sistema Shyam Teleservices Ltd, a joint venture between Sistema of Russia and Indian entity Shyam Group, for $676 million (around Rs 3,150 crore). The......
Anil Ambani-led Reliance Communication on Monday said it is in talks with AFK Sistema to merge the Russian conglomerate's Indian telecom operations through a cashless stock swap. "Reliance......
Russian conglomerate Sistema's Indian unit on Monday won telecom spectrum in eight circles or zones for Rs 3,639 crore (Rs 36.39 billion) in an auction shunned by all other companies.Sistema Shyam......
Foreign Investment Promotion Board on Tuesday cleared 21 proposals, including that of Bharti Shipyard, but turned down the Sistema Shyam's request to raise foreign holding. The FIPB, headed by......
Sistema Shyam Teleser-vices boss Vsevolod Rozanov predicts rates in the mobile space will double because of the higher price of spectrum to be paid through an auction process by operators.Sistema......