April 24, 2013
New CEO to take over on June 1; incumbent Vsevolod Rozanov will move to a senior position in Moscow
March 11, 2013
Sistema Shyam TeleServices Limited (SSTL), subsidiary of Russian giant Sistema was the only bidder in 3 rounds of bidding of India’s latest 2G auction. The company submitted bids worth about $669 million
February 13, 2013
February 5, 2013
The Indian Supreme Court extended JFSC Sistema’s deadline for shutting down its mobile networks till March 11, the next date when it hears the case. No reasons were given for the hearing being postponed from February 4.
January 20, 2013
India has approved a 50 percent cut in the auction reserve price for airwaves used by phone carriers on the CDMA platform, a move that may encourage the local unit of Russia’s Sistema to participate in the sale to continue working in the country.
January 15, 2013
While an Indian Supreme Court order has not given as much relief to Sistema as desired, it keeps the Russian company’s hopes afloat till February 4 and allows more elbow room to the Indian government to put in place some fire-fighting measures
December 19, 2012
New Delhi keen on Russian investment in the $90 billion Delhi-Mumbai Industrial Corridor project
December 11, 2012
In strongly worded letter to the Indian government, Sistema says case could threaten India’s broader diplomatic interests with Russia
November 26, 2012
New Delhi also eyeing a Comprehensive Economic Cooperation Agreement with the Customs Union of Russia, Kazakhstan and Belarus
November 21, 2012
Vsevolod Rozanov tells Reuters that the Russian conglomerate will wait for the Indian Supreme Court to rule on its 2G appeals.
October 31, 2012
Bilateral ties are affected by the fact that India lacks a strong decision making environment and is hostage to the rampant corruption that plagues its system of administration
October 31, 2012
A spokesman for India’s External Affairs Ministry said the country hopes for an amicable solution to the dispute.
October 30, 2012
Russia continues to be unhappy over lack of progress in resolving the issue of Sistema’s cancelled licences
October 23, 2012
Indian newspaper cites 2 sources as saying that the companies are on the verge of finalising a deal.
October 2, 2012
Sistema Chairman writes to senior Indian officials asking why the country wants to delay arbitration proceedings
September 14, 2012
Sistema in talks with Malaysia’s Maxis Communications over a sale of a majority stake in the Indian company.
September 11, 2012
Sistema still waiting to see the “specifics” of a proposed solution to their dispute over 2G licenses
May 10, 2012
Sistema, one of the country's largest conglomerates with assets ranging from oil to telecoms, is looking at a range of possible deals as it seeks to diversify into new business lines such as agriculture and infrastructure.
May 4, 2012
SSTL has today filed a curative petition in the Honorable Supreme Court to set aside the Supreme Court order in cancellation of its licences.
May 3, 2012
JSFC Sistema lost a quarter of its investments in India, due to frequencies uncertainty. Problems in India may push Sistema to conduct a buyback in the amount of $300 million, analysts say