NEW DELHI: Telecom service provider Sistema Shyam Teleservices has to wait for funds from Russia, as the Russian government is understood to have
delayed its plans to invest over Rs 3,051 crore in the firm, following the 20 per cent stake acquisition in the new telecom operator.
Confirming the move, SSTL spokesperson said, "The decision on investment into SSTL by Russian Federation has been moved to the next government (Russian) meeting, as it is undergoing due process for such investments."
He, however, added that SSTL is rolling out its network and innovative telecom services in India as planned.
Russian govt likely to delay investment in SSTL- Telecom-News By Industry-News-The Economic Times
delayed its plans to invest over Rs 3,051 crore in the firm, following the 20 per cent stake acquisition in the new telecom operator.
Confirming the move, SSTL spokesperson said, "The decision on investment into SSTL by Russian Federation has been moved to the next government (Russian) meeting, as it is undergoing due process for such investments."
He, however, added that SSTL is rolling out its network and innovative telecom services in India as planned.
Russian govt likely to delay investment in SSTL- Telecom-News By Industry-News-The Economic Times
