[November 11, 2009] 'Sistema Shyam valued by Russia govt at USD 3.13 bln' Tweet Nov 11, 2009 (DMEUROPE via COMTEX) -- The Russian state property fund has evaluated Indian telecommunications company Sistema Shyam Teleservices (SSTL) at USD 3.13 billion. However, the Russian government will pay a lower price for minority stake of 10-24 percent in SSTL, reports daily newspaper Vedomosti. The government will pay for its stake based on a company valuation of USD 2.5 billion for a 100 percent stake. SSTL provides mobile phone services in India under the MTS brand. Distributed for DMeurope.com via M2 Communications (www.m2.com) [ Back To TMCnet.com's Homepage ]