Dmitry Shukov appointed CEO of Sistema’s India ops
New CEO to take over on June 1; incumbent Vsevolod Rozanov will move to a senior position in Moscow
Sistema sole bidder in India 2G auction
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
Sistema shelves Aircel talks- report
Sistema gets further breather from Indian Supreme Court
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.
Sistema Might Participate in Indian CDMA Auction
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.
Is it the beginning of the end of the Sistema tangle?
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
Russia invited to invest in Indian industrial corridor
New Delhi keen on Russian investment in the $90 billion Delhi-Mumbai Industrial Corridor project
Sistema warns India on straining bilateral ties
In strongly worded letter to the Indian government, Sistema says case could threaten India’s broader diplomatic interests with Russia
India keen for more Russian investment, bilateral economic cooperation
New Delhi also eyeing a Comprehensive Economic Cooperation Agreement with the Customs Union of Russia, Kazakhstan and Belarus
Sistema open to acquisitions in India - Report
Vsevolod Rozanov tells Reuters that the Russian conglomerate will wait for the Indian Supreme Court to rule on its 2G appeals.
Whither India-Russia partnership
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
Russia welcome to take legal recourse on Sistema - India
A spokesman for India’s External Affairs Ministry said the country hopes for an amicable solution to the dispute.
Russian Ambassador warns of international arbitration over Sistema
Russia continues to be unhappy over lack of progress in resolving the issue of Sistema’s cancelled licences
Sistema close to acquiring Aircel stake
Indian newspaper cites 2 sources as saying that the companies are on the verge of finalising a deal.
Sistema seeks clarifications from Indian Government on arbitration
Sistema Chairman writes to senior Indian officials asking why the country wants to delay arbitration proceedings
Sistema’s eyes Aircel in potential $3 bn deal
Sistema in talks with Malaysia’s Maxis Communications over a sale of a majority stake in the Indian company.
Sistema ready for legal proceedings against India on 2G
Sistema still waiting to see the “specifics” of a proposed solution to their dispute over 2G licenses
Sistema seeks diversity in agriculture
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.
Sistema again filed petition in the Supreme Court
SSTL has today filed a curative petition in the Honorable Supreme Court to set aside the Supreme Court order in cancellation of its licences.
Sistema wrote off $700 million in its Indian subsidiary
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