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SSTL Q2 Net Loss Narrows to Rs 402 Crore
The company, which operates under MTS brand name, had reported a net loss of Rs 844.7 crore for the corresponding quarter last year, it said in a statement.
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FIPB to Take Up 34 FDI Proposals on Tuesday: Report
The FIPB, chaired by Economic Affairs Secretary Arvind Mayaram, would meet on May 13 to decide on the proposals, sources said.
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Sistema Shyam Telecom Business Merges With Reliance Communications
SSTL gets 10 percent stake in RCom as part of the deal.
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RCom-Sistema Shyam Merger Gets DoT Approval
Under the deal, all wireless business assets of SSTL will come under RCom - however, the brand MTS will continue to operate.
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Mobile Internet Subscribers in India Reached 342.65 Million in March: Sinha
In the list of 138 mobile Internet service providers shared by the minister, telecom major Bharti Airtel topped the chart with 90.53 million subscribers.
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BSNL Says Added Most Subscribers in April, Beating Private Operators for Third Month
"Growth of BSNL in April 2016 is 1.32 percent against the industry average 0.06 percent. BSNL has given highest growth consistently in last months i.e. February, March and April."
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Telephone Subscriber Base Grows to 105.88 Crores in March: Trai
The overall tele-density in the country went up to 83.36 percent at the end of March, from 82.89 percent last month.
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Spectrum Cost Very High in India, Says SSTL
"We thought of partnership (merger with RCom) because actually the game is quite big. The cost of spectrum is very high," SSTL CEO Sergey Savchenko said.
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Spectrum Cost Very High In India, Says Sistema
In process to merge with bigger rival Reliance Communications, Russian giant Sistema's Indian telecom arm SSTL on Monday said cost of spectrum is "very high" in India and it is too tough for it to keep investing here.
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Reliance Communications Shareholders Approve SSTL Merger
The RCom-SSTL merger deal has been cleared by Competition Commission of India, Rajasthan High Court, Bombay High Court, and Sebi.
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Reliance Communications Shareholders Approve SSTL Merger
Reliance Communications on Tuesday said its shareholders have approved a proposed merger of Sistema Shyam Teleservices with the company.
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RCom Gets BSE, NSE Approvals on SSTL Acquisition
It added, "The company and SSTL are proceeding to file necessary application with the Bombay High Court and Rajasthan High Court respectively for approval of the scheme."
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SSTL Reports Narrowing of Q3 Loss to Rs. 406 Crores
The operating loss of SSTL also significantly reduced to Rs. 44.3 crores during the reported quarter compared to Rs. 103.7 crores a year ago.
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Sistema Shyam Q3 Loss Narrows to Rs 406 Crore
SSTL offers high speed data services in 1,250 towns across 9 circles where it operates. Debt on the company from banks and financial institutions at the end of September 2015 stood at Rs 4535 crore.
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'Reliance Communications Deal With Sistema Can Trigger Similar Mergers'
Analysts say it could also be a pre-cursor for future transactions around spectrum and even sale of business.
-
SSTL Q2 Net Loss Narrows to Rs 402 Crore
The company, which operates under MTS brand name, had reported a net loss of Rs 844.7 crore for the corresponding quarter last year, it said in a statement.
-
FIPB to Take Up 34 FDI Proposals on Tuesday: Report
The FIPB, chaired by Economic Affairs Secretary Arvind Mayaram, would meet on May 13 to decide on the proposals, sources said.
-
Sistema Shyam Telecom Business Merges With Reliance Communications
SSTL gets 10 percent stake in RCom as part of the deal.
-
RCom-Sistema Shyam Merger Gets DoT Approval
Under the deal, all wireless business assets of SSTL will come under RCom - however, the brand MTS will continue to operate.
-
Mobile Internet Subscribers in India Reached 342.65 Million in March: Sinha
In the list of 138 mobile Internet service providers shared by the minister, telecom major Bharti Airtel topped the chart with 90.53 million subscribers.
-
BSNL Says Added Most Subscribers in April, Beating Private Operators for Third Month
"Growth of BSNL in April 2016 is 1.32 percent against the industry average 0.06 percent. BSNL has given highest growth consistently in last months i.e. February, March and April."
-
Telephone Subscriber Base Grows to 105.88 Crores in March: Trai
The overall tele-density in the country went up to 83.36 percent at the end of March, from 82.89 percent last month.
-
Spectrum Cost Very High in India, Says SSTL
"We thought of partnership (merger with RCom) because actually the game is quite big. The cost of spectrum is very high," SSTL CEO Sergey Savchenko said.
-
Spectrum Cost Very High In India, Says Sistema
In process to merge with bigger rival Reliance Communications, Russian giant Sistema's Indian telecom arm SSTL on Monday said cost of spectrum is "very high" in India and it is too tough for it to keep investing here.
-
Reliance Communications Shareholders Approve SSTL Merger
The RCom-SSTL merger deal has been cleared by Competition Commission of India, Rajasthan High Court, Bombay High Court, and Sebi.
-
Reliance Communications Shareholders Approve SSTL Merger
Reliance Communications on Tuesday said its shareholders have approved a proposed merger of Sistema Shyam Teleservices with the company.
-
RCom Gets BSE, NSE Approvals on SSTL Acquisition
It added, "The company and SSTL are proceeding to file necessary application with the Bombay High Court and Rajasthan High Court respectively for approval of the scheme."
-
SSTL Reports Narrowing of Q3 Loss to Rs. 406 Crores
The operating loss of SSTL also significantly reduced to Rs. 44.3 crores during the reported quarter compared to Rs. 103.7 crores a year ago.
-
Sistema Shyam Q3 Loss Narrows to Rs 406 Crore
SSTL offers high speed data services in 1,250 towns across 9 circles where it operates. Debt on the company from banks and financial institutions at the end of September 2015 stood at Rs 4535 crore.
-
'Reliance Communications Deal With Sistema Can Trigger Similar Mergers'
Analysts say it could also be a pre-cursor for future transactions around spectrum and even sale of business.
