MTS - Sistema Shyam Teleservices Ltd

Company overview

Sistema Shyam TeleServices (SSTL) is a joint venture company between Sistema {LSE: SSA} of Russia and Shyam Group of India. Sistema is the majority share holder in this joint venture with a 74% equity stake, along with the Shyam Group, holding a 23.5% stake and the rest 2.5% being public partake. Headquartered in Gurgaon, India, SSTL has licenses and spectrum to provide mobile telephony services in all the 22 circles across the country. In a recent development, SSTL tied up with Mobile TeleSystems OJSC of Russia to bring the globally acclaimed telecom brand - MTS - to India. MTS globally is the 8th biggest mobile telephony services operator whose annual sales are about $10 billion. Recently, MTS was named the world's 71st most powerful brand and the top brand in Russian and Eastern Europe in the BRANDZ ranking published by the Financial Times and market research firm Millward Brown.