Who is the owner of MTS | wiki
MTS India, a telecommunications company. Know more about the owner of MTS India and Company more information. The founder and full company information of this company are here. Sistema Shyam TeleServices Limited operates as a telecom company that provides data services in India under the MTS brand to approximately 10 million wireless subscribers. and also high-speed mobile broadband customers in approximately 450 towns.
About the owner of MTS
MTS was established in October 1993 by Moscow City Telephone Network (MGTS), T-Mobile, an affiliate of Deutsche Telekom AG, Siemens AG (Siemens), and several other shareholders.
In late 1996, Sistema JSFC acquired a majority stake in MTS. And remains the primary owner ever since.
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Details of the owner of MTS (Wiki)
In 2008, Sistema formed a 74:26 joint venture with India’s Shyam Group to form Sistema Shyam Teleservices (SSTL). And gained a pan-India license which allowed in providing CDMA services to the country. In March 2009, SSTL launched the MTS brand in the Indian state of Tamil Nadu, followed by neighboring states Kerala and W. Bengal in April and May respectively. Under those circumstances, the Supreme Court of India canceled the companies license, MTS is present in 9 circles out of 22 telecom circles of India. In effect, Media reports suggest that the Russian government was thinking to buy a 20% stake in SSTL for about $700000 million.
In October 2015 Mobile TeleSystems and Vodafone expanded their strategic partnership. Particularly, this resulted in the rebranding of MTS Ukraine to Vodafone Ukraine.
Details of the Company
By all means, the company provides a range of Android smartphones, MTS TV, a free-to-download application, which provides access to approximately 100 Live TV and video-on-demand channels, Wi-Fi devices; VAS services; voice roaming special tariff vouchers, and data card roaming services.
MTS, the initiating company to launch GSM services in the Moscow region in 1994. In later years, MTS enlarged rapidly in Russia largely. Forthwith the acquisition of smaller independent players and became the leading national mobile operator.
On the positive side, MTS initiated its international expansion in 2002 through the establishment of Mobile TeleSystems LLC. Indeed a joint venture with Beltelecom, the national fixed-line operator in Belarus.
In December 2008, MTS started to expose its brand outside the CIS borders. MTS and Shyam Telelink Limited announced the agreement to allow Shyam Telelink to use the MTS brand in India. The decision to introduce the brand to India. Indeed reflective of the brand’s success in the Company’s markets of operation since its launch in May 2006. In April 2008, the MTS brand was recognized as one of the BRANDZ™ Top 100 Most Powerful Brands. Owing to a ranking published by the Financial Times and Millward Brown, leading global market research and consulting firm.
Finally, on 14 January 2016, Reliance Communications (RCom) announced that it had acquired SSTL in an all-stock deal, in which SSTL received a 10% share in RCom, after paying off its existing debt. MTS India was declared dead on 31st Oct 2017.