Shyam Telelink becomes Sistema Shyam TeleServices; considering CDMA acquisitions (India)

February 2, 2009 at 20:07 Leave a comment

Indian CDMA operator Shyam Telelink has announced that it has formally changed its name to Sistema Shyam TeleServices (SSTS). SSTS is a joint venture between Russian conglomerate Sistema and the Shyam Group of India. Commenting on the name change SSTS CEO, Vsevolod Rozanov, said, ‘Sistema is the majority shareholder in this venture with Shyam Group being the other partner. As our name suggests, we envisage optimizing this synergy of two players from different countries with a clear-cut focus on becoming a strong telecom player in India.’

In separate but related news SSTS has said it is considering acquisitions of other CDMA businesses in a bid to increase the speed of its pan-India rollout. Having announced a target date of mid-2010 for the completion of its country-wide rollout, Mr Rozanov said the operator will look at any opportunities to acquire other CDMA-based operators. SSTS launched services in the Rajasthan circle in October 2008, and has said it will begin commercial operations in Tamil Nadu and Kerala by March 2009. It hopes to complete rollouts in at least ten circles by the end of the year.

Wireless Industry News

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Entry filed under: CDMA, India, Russia, Shyam Telelink, Sistema, Sistema Shyam TeleServices, SSTS. Tags: , , , , , , .

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