TeleGeography Logo

Court ruling paves the way for SSTL ownership change

20 Jan 2015

The Rajasthan High Court has dismissed an appeal by minority shareholders against Sistema Shyam Teleservices (SSTL), calling for a compulsory listing of shares within a set timeframe, an exit from the company at a pre-determined price and an the appointment of a representative of minority shareholders on the board of directors, the Business Standard writes. The decision clears the way for the Russian-backed cellco, which operates under the MTS India brand, to seek approval for a change in its shareholding pattern and renew its application to increase foreign direct investment (FDI) in the operator to 100%.

India, Sistema Shyam TeleServices (SSTL, MTS India)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.