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Sistema to purchase 17% stake in SSTL from Russia

Connectivity BusinessbyConnectivity Business
June 28, 2016
in Investments, Space Services
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Russian billionaire Vladimir Yevtushenkov’s Sistema has said it will buy 17.14% of the shares in Indian telco Sistema Shyam TeleServices (SSTL) from the Russian government. Russia bought the stake for US$600m in March 2011. At the time, it agreed with Sistema to sell the shares to the company after a period of five years for the higher of US$777m or […]

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Tags: Asia PacificJFSC SistemaPremiumReliance Communications (RCOM)Shyam Group of IndiaSistema Shyam Telelink (MTS India)TF247
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