Sistema

Home
Sistema

Rudradeep Biswas August 2nd, 2013 4:45 AM 5 COMMENTS

100 per cent FDI in Approved in Telecom: Proper Regulations Are Yet to Come

Indian telecom sector which is under the huge Rs 251,000 crore debt have just got a breather as Telecom Commission approved the proposal of foreign direct investment cap to 100% from the present 74 per cent. Commerce and industry minister Anand Sharma announced this after a meeting of the Union Cabinet. At present 74% FDI is allowed in telecom, of which 49% directly and beyond that Foreign Investment Promotion Board... Read More

Rudradeep Biswas January 17th, 2013 3:56 PM 3 COMMENTS

Indian Telecom Still Has the Charm: Batelco

Bahrain Telecommunication Company (Batelco), which has left Indian telecom following the cancellation of STel's permits in February 2012 is looking for a re-entry in India's telecom market. As per the report by middle east's daily 'The National' Batelco CEO Sheikh Mohamed bin Isa Al Khalifa is planning to invest in existing mobile operator in India. Batelco is not interested in participating in upcoming 2G auction. In 2009 Batelco invested $225... Read More

Rudradeep Biswas October 30th, 2012 10:08 AM 52 COMMENTS

Russia to Go International Arbitration if MTS India’s Licenses Are Not Restored

License issue of Sistema Shyam Teleservices has taken to international level, as Russia warned to go for international arbitration in case Indian courts do not resolve Sistema's licenses. Alexander Kadakin, Russian Ambassador in a cultural event in New Delhi said, “If the issue of cancellation of 2G licence to Sistema is not resolved in Indian courts, we will go for international arbitration,” The Supreme Court of India cancelled all licenses... Read More

Rudradeep Biswas October 16th, 2012 12:36 AM 9 COMMENTS

BSNL to Tie up with Sistema to use GLONASS Satellite Navigation

Sistema's telecom venture (MTS India) in India is at stake due to cancellation of licenses and 'unjustified spectrum prices' for upcoming auctions, Russian business major Sistema is joining hands with country's telecom major BSNL to offer sattelite based navigation system. Sistema will offer sat-nav services to BSNL via Russia's GLONASS (Globalnaya Navigatsionnaya Sputnikovaya Sistema), the second satellite navigation system with global coverage after United States' Global Positioning System (GPS). The... Read More

Rudradeep Biswas February 28th, 2012 5:43 PM 34 COMMENTS

Exclusive: Sistema Says India Has to Protect Their Investments as per BIT

Following the cancellation of 122 2G licenses by Supreme Court of India all new operators lost the permission to operate in the country after a certain period. It hits the foriegn partners of the affected mobile companies as they are the majority shareholders in those joint ventures and invested some thousand crores of rupees in the country. Sistema JSFC, the majority shareholder (56.68%) in Sistema Shyam Teleservices Ltd (SSTL) has... Read More