Sistema to scale down India exposure

Just a day after telling news agency Bloomberg it was prepared to spend "billions this year in India if the government ensures security of our investment", Russian conglomerate AFK Sistema told......

Russian telecom giant to invest $1 bn in India

Russia's AFK Sistema financial corporation is to invest $1 billion in the Indian cellular telecommunication sector over a period of five years.AFK Sistema, which has controlling stake in premium......

Russian firm eyes 49% in Aircel for $450 mn

Russian conglomerate AFK Sistema has signed an agreement to buy 49 per cent of the C Sivasankaran-promoted Aircel Televentures for $450 million. Aircel provides cellular services in the Chennai and......

Aircel evaluates offers to sell 49% stake

Cellphone service provider Aircel Televentures on Friday said it was evaluating various offers from Indian and overseas telecom firms including a Russian firm which has offered to buy its 49 per......