Russia’s Sistema looking to increase stake in MTS beyond 74%
Sistema Sham Teleservices LTD (SSTL) will be resubmitting its application to the government by mid-April for increasing its foreign holding in the company beyond 74%. The Foreign Investment Promotion Board (FIPB) had last September turned down SSTL's proposal to raise foreign holding beyond the current 74 per cent. The initial proposal had hit a hurdle over confusion about the proposed mode of investment. The Department of Telecommunications had said that the... Read More
