Shyam Telelink becomes Sistema Shyam TeleServicesJanuary 23rd, 2009 - 9:48 pm ICT by IANS
New Delhi, Jan 23 (IANS) Shyam Telelink Ltd, a joint venture between Russian telecom giant Sistema and India’s Shyam Group, Friday announced the change of its name to Sistema Shyam TeleServices (SSTS). “Sistema is the majority shareholder in this venture with Shyam Group being the other partner. As our name suggests, we envisage optimising this synergy of two players from different countries with a clear-cut focus on becoming a strong telecom player in India,” SSTS president and chief executive Vsevolod Rozanov said.
“We are going full-stream with our pan-India roll-out strategy as we plan to add to existing operations in the Rajasthan circle with the launch of around five more circles in the coming months,” he added.
SSTS has licenses and spectrum to provide mobile telephony services on the CDMA platform in all 22 circles across the country.