$\"\"$ KOLKATA: Russia’s Sistema<\/a> JSFC said telecom department’s (DoT<\/a>) nod for the ongoing merger<\/a> process of its India unit with Reliance Communications (RCom<\/a>) is likely in the fourth quarter of 2016, post-conclusion of the next spectrum auction.
\n
\n“Due to the new frequency auction announced by the Indian government, all consolidation transactions have been suspended until the auction’s completion, with the final DoT approval of the transaction with RCom expected in the fourth quarter of (calender) 2016,” Sistema JSFC said in an official statement Tuesday.
\n
\nThe Russian conglomerate, however, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger process.
\n
“As of mid-August 2016, the (ongoing merger) transaction has been approved by Securities & Exchange Board of India, the Competition Commission of India, the tax authorities as well as shareholders and creditors of RCom and Sistema Shyam Teleservices,” Sistema JSFC said. Sistema Shyam (SSTL<\/a>) is merging its wireless business into RCom in a deal which will see the promoters of the SSTL getting around a 10% stake in RCom.
\n
\nSistema’s announcements coincided with its India unit, Sistema Shyam Teleservices, reporting an 11.8% on-year rise in revenue to 3.44 billion roubles (Rs 355 core) in the April-June period of 2016, helped by growing data revenues and data subscriber additions. Sistema Shyam’s data customer base rose to 2.02 million during the quarter from 1.9 million in the earlier corresponding period.
\n
\nSistema’s India unit, which operates under the MTS brand in India, narrowed down net loss to 1468 million roubles (Rs 152 crore approx) in the second quarter to June from 1685 million roubles (Rs 174 crore) in the year-ago period. The loss numbers, however, are appropriated figures, attributable to parent Sistema JSFC based on its 56.68% stake in Sistema Shyam.
\n
\nBack in June, Sistema had also announced it would buy the Russian government’s 17.14% stake in Sistema Shyam.
\n
\nIncidentally, the ongoing RCom-Sistema Shyam merger process also faces a crucial test on October 19 which may offer a solution to the latter’s continuing legal tussle with the DoT over levy of spectrum contiguity charges.
\n
\nThough the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) had ruled in Sistema Shyam's favour in March by striking down such charges imposed by the government, the telecom tribunal’s judgement was challenged by DoT in the Supreme Court in May, and the matter is now slated to come up for a final hearing on October 19.\n\n<\/body>","next_sibling":[{"msid":53931387,"title":"Vodafone India, Idea Cellular may actively bid for 4G spectrum: Report","entity_type":"ARTICLE","link":"\/news\/vodafone-india-idea-cellular-may-actively-bid-for-4g-spectrum-report\/53931387","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53931413,"entity_type":"ARTICLE","title":"DoT nod for SSTL-RCom merger likely in 4Q, 2016: Sistema","synopsis":"The Russian conglomerate, however, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger process.","titleseo":"telecomnews\/dot-nod-for-sstl-rcom-merger-likely-in-4q-2016-sistema","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-08-30 19:23:42","lastupd":"2016-09-29 16:00:58","breadcrumbTags":["DoT","RCom","industry","Merger","Sistema","SSTL","RCom2016"],"secinfo":{"seolocation":"telecomnews\/dot-nod-for-sstl-rcom-merger-likely-in-4q-2016-sistema"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2016-08-30" data-index="article_1">

Telecom乐动扑克News

点点头SSTL-RCom合并可能在第四季度,2016:Sistema

然而,俄罗斯集团预计法定审批在下月拉贾斯坦邦和孟买高等法院的正在进行的合并过程。

Kalyan尔巴特,
等局

2016年9月29日更新是内点

加尔各答:俄罗斯的SistemaJSFC说电信部门的(点)不断点头合并过程中其印度子公司信实电信(信实电信)很可能在2016年第四季度,post-conclusion下频谱拍卖。

“由于印度政府宣布的新的频率拍卖,所有合并交易被暂停,直到拍卖的完成,最后的点与RCom的批准,交易预计第四季度的2016年(日历),“Sistema JSFC周二在一份官方声明中说。

然而,俄罗斯集团预计法定审批在下月拉贾斯坦邦和孟买高等法院的正在进行的合并过程。

“截至2016年8月中旬,(正在进行的合并)事务已通过证券交易委员会的印度,印度的竞争委员会,税务机关以及股东和债权人和RCom Sistema Shyam电信业务,“Sistema JSFC说。Sistema Shyam (萨里)是无线业务合并成RCom交易将促进剂的萨里绕过信实电信10%的股份。

Sistema的发布恰逢其印度子公司,Sistema Shyam电信业务,报告收入同比增长11.8% 34.4亿卢布(Rs 355核心)2016年4 - 6月期间,由于收入增长数据和数据用户添加。Sistema Shyam的客户群上升到202万年的季度数据从190万年早期的同期。

Sistema的印度单位,在MTS品牌在印度,缩小净亏损14.68亿卢布(152卢比约)截至6月份的第二季度的16.85亿卢布(174卢比)在去年同期下降。损失的数字,然而,拨款数据,由于父母Sistema JSFC基于其Sistema Shyam 56.68%的股份。

早在6月,Sistema也宣布将购买俄罗斯政府的Sistema Shyam 17.14%的股份。

顺便说一句,目前RCom-Sistema Shyam合并过程也面临着一个重要的测试在10月19日这可能提供一个解决方案的持续的法律争斗的点在征收范围接近指控。

虽然电信纠纷解决&上诉法庭(TDSAT)统治Sistema Shyam的3月通过驳回指控政府强加的,电信法庭的审判是挑战点在最高法院今年5月,现在是将最终听到10月19日。

发布于2016年8月30日07:23点坚持

$\"\"$ KOLKATA: Russia’s Sistema<\/a> JSFC said telecom department’s (DoT<\/a>) nod for the ongoing merger<\/a> process of its India unit with Reliance Communications (RCom<\/a>) is likely in the fourth quarter of 2016, post-conclusion of the next spectrum auction.
\n
\n“Due to the new frequency auction announced by the Indian government, all consolidation transactions have been suspended until the auction’s completion, with the final DoT approval of the transaction with RCom expected in the fourth quarter of (calender) 2016,” Sistema JSFC said in an official statement Tuesday.
\n
\nThe Russian conglomerate, however, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger process.
\n
“As of mid-August 2016, the (ongoing merger) transaction has been approved by Securities & Exchange Board of India, the Competition Commission of India, the tax authorities as well as shareholders and creditors of RCom and Sistema Shyam Teleservices,” Sistema JSFC said. Sistema Shyam (SSTL<\/a>) is merging its wireless business into RCom in a deal which will see the promoters of the SSTL getting around a 10% stake in RCom.
\n
\nSistema’s announcements coincided with its India unit, Sistema Shyam Teleservices, reporting an 11.8% on-year rise in revenue to 3.44 billion roubles (Rs 355 core) in the April-June period of 2016, helped by growing data revenues and data subscriber additions. Sistema Shyam’s data customer base rose to 2.02 million during the quarter from 1.9 million in the earlier corresponding period.
\n
\nSistema’s India unit, which operates under the MTS brand in India, narrowed down net loss to 1468 million roubles (Rs 152 crore approx) in the second quarter to June from 1685 million roubles (Rs 174 crore) in the year-ago period. The loss numbers, however, are appropriated figures, attributable to parent Sistema JSFC based on its 56.68% stake in Sistema Shyam.
\n
\nBack in June, Sistema had also announced it would buy the Russian government’s 17.14% stake in Sistema Shyam.
\n
\nIncidentally, the ongoing RCom-Sistema Shyam merger process also faces a crucial test on October 19 which may offer a solution to the latter’s continuing legal tussle with the DoT over levy of spectrum contiguity charges.
\n
\nThough the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) had ruled in Sistema Shyam's favour in March by striking down such charges imposed by the government, the telecom tribunal’s judgement was challenged by DoT in the Supreme Court in May, and the matter is now slated to come up for a final hearing on October 19.\n\n<\/body>","next_sibling":[{"msid":53931387,"title":"Vodafone India, Idea Cellular may actively bid for 4G spectrum: Report","entity_type":"ARTICLE","link":"\/news\/vodafone-india-idea-cellular-may-actively-bid-for-4g-spectrum-report\/53931387","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":53931413,"entity_type":"ARTICLE","title":"DoT nod for SSTL-RCom merger likely in 4Q, 2016: Sistema","synopsis":"The Russian conglomerate, however, expects statutory approvals from the Rajasthan and Bombay High Courts next month for the ongoing merger process.","titleseo":"telecomnews\/dot-nod-for-sstl-rcom-merger-likely-in-4q-2016-sistema","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-08-30 19:23:42","lastupd":"2016-09-29 16:00:58","breadcrumbTags":["DoT","RCom","industry","Merger","Sistema","SSTL","RCom2016"],"secinfo":{"seolocation":"telecomnews\/dot-nod-for-sstl-rcom-merger-likely-in-4q-2016-sistema"}}" data-news_link="//www.iser-br.com/news/dot-nod-for-sstl-rcom-merger-likely-in-4q-2016-sistema/53931413">

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点点头SSTL-RCom合并可能在第四季度,2016:Sistema

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