Russian conglomerate Sistema JSFC has signed an agreement with the Russian Federation for State Property Management to buy back 17.14% stake owned by the federation in Sistema Shyam TeleServices (SSTL), an Indian subsidiary of Sistema JSFC. Under the agreement, payment for the shares will be made to the Russian federal budget in installments over a period of 5 years: 30% in 2016, 25% in 2017, and 15% in each of 2018, 2019 and 2020. Russia’s Federal agency for State Property Management acquired 17.14% stake in Sistema JSFC’s Indian subsidiary SSTL in March 2011 for Rs 2698.8 crore (~$600 million at that time). At that time, both parties simultaneously signed an optional agreement to sell the shares back to Sistema JSFC after a period of five years for the higher of US$ 777 million or the market value determined by an independent…
- Jio and Airtel showcase their surveillance systems at the India Mobile Congress 2022 October 6, 2022
- Another ED Raid on China-Linked Keepsharer App for Part-Time Job ‘Scam’ October 6, 2022
- Mozilla Report Accuses Google, Apple, Microsoft of Anti-Competitive Practices, Flags Shrinking Web Browser Choices October 5, 2022
- Event Announcement: Draft Telecom Bill, 2022, Delhi, 18th Oct October 5, 2022
- PrivacyNama Session: Privacy and Competition; October 7 October 4, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...