Articles tagged with: Sistema

Russia's MTS Gets Ratings Outlook Upgrade

On a standalone basis, MTS's credit profile is commensurate with a low investment grade rating. MTS's ratings are notched down for the negative influence of Sistema, MTS's majority shareholder.  more

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Three Indian Mobile Networks in Merger Talks

Three of India's mid-sized mobile networks are reported to be in advanced stages of merger talks ahead of expected relaxation of regulations by the government later this year. more

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Moody's: Spectrum auction result is credit positive for Sistema

Moody's 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 said that on a stand-alone basis MTS's credit profile conforms to low investment grade. It is an established mobile operator with strong margins and free cash flow (FCF) generation and modest leverage.  more

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Fitch Affirms Sistema at 'BB-'; Outlook Stable

The ratings agency said that Sistema ratings continue to be supported by the solid operating and financial performance of its two largest subsidiaries, the mobile network, Mobile TeleSystems (MTS) and the oil firm, Bashneft.  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

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