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Articles tagged with: Sistema
Moody's: Spectrum auction result is credit positive for Sistema
Moody's Investors Service has today said that the result of a recent auction for mobile spectrum in India is credit positive for sistema as it implies that the company will need to make only moderate additional investment to retain its business in India, while it also provides growth opportunities due to technological neutrality of the won spectrum. more
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Sistema Walks Away from Talks to Buy Stake in India's Aircel
Russia's sistema and Malaysia's Maxis have reportedly cancelled plans that could have seen the Russian firm taking a large stake in India's Aircel after they were unable to agree on a price to pay. more
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Fitch Affirms the Debt ratings of Russia's MTS with Stable Outlook
Fitch Ratings has affirmed Russia's Mobile Telesystems (MTS) Long-Term Issuer Default Rating (IDR) at 'BB+'. The Outlook is Stable. more
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Fitch Affirms Sistema at 'BB-'; Outlook Stable
Fitch Ratings has affirmed the debt ratings of Russia's sistema at 'BB-'. The Outlook is Stable. more
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Russia Threatens Arbitration Over Indian 2G Licenses Scandal
The Russian government has warned India that it may seek International Arbitration if the the 2G licenses held by Russian telecom giant sistema are not restored by the local courts. more
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Sistema Close to $3 Billion Deal to Buy Another Indian Mobile Network
Russia's sistema is reported to be close to a deal that would see it buy a controlling stake in the Indian mobile network, Aircel for around US$3 billion. more
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Russia's Sistema Ready to Seek Legal Action to Recover Indian GSM Licenses
Russia's sistema is now cleared to seek a legal review of the cancellation of the GSM licenses held by its Indian subsidiary, SSTL - which trades as MTS India. more
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MTS Sells Majority Stake in Content Portal to its Controlling Shareholder
Russia's MTS has sold a majority stake in its content website service, Stream.ru (formerly Omlet.ru) to its controlling shareholder, sistema. more
Fitch: Shyam Risks Reflected in Sistema's Current Ratings
Fitch Ratings says that sistema's exposure to debt and losses under the current business plan at its majority-controlled subsidiary SSTL (Shyam) in India is already reflected in sistema's current ratings. A significant rise in investments into Shyam may put pressure on sistema's ratings but Fitch views this as an unlikely event risk. more
Related Tags: sstl, mts-india, India
MTS India to Raise $1.2 Billion from Shareholders
Russia's sistema has announced that its Indian subsidiary has approved plans to increase its authorised capital from INR 60 billion to INR 120 billion (US$2.36 billion) by issuing INR 60 billion (US$1.18 billion) worth of new shares. more
Related Tags: sstl, mts, India
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