Sistema to buy back 17% of Indian unit from Russia govt

Sistema to buy back 17% of Indian unit from Russia govt

The logo of Sistema JSFC is seen on its headquarters building in Moscow, September 17, 2014. REUTERS/MAXIM SHEMETOV

Sistema JSFC, a publicly traded diversified holding company operating primarily in Russia, has agreed to buy back 17.14% of telecommunications operator Sistema Shyam TeleServices Ltd (SSTL), a unit of Sistema in India, in five phases by 2020.

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