Sistema boss Evtushenkov faces money laundering charges

Vladimir Evtushenkov, the chairman and majority owner of Russian energy to media conglomerate Sistema has been arrested and charged with money laundering related to the acquisition of Bashneft, the major energy company in the Republic of Bashkorostan. Sistema issued a statement saying that the company’s management believed the acquisition of the Bashkorostan group was legal […]

Russia’s Sistema Mass Media appoints president

Russia’s Sistema Mass Media, which counts TV, production and advertising holdings among its assets, has appointed former Sky Link and Rostelecom executive, Gulnara Khasyanova, as its president. Khasyanova, who was appointed by Sistema’s board of directors during a board meeting this week, is due to take up her role on March 1. She is currently CEO […]

MTS strategy chief leaves for Sistema

Russian service provider MTS’s vice-president for strategy, mergers and acquisitions and corporate development, Michael Hecker, is to leave to take on a strategy role at the company’s majority owner Sistema. German-born Hecker will become vice-president and head of strategy at Sistema. MTS said his replacement would be chosen from the company’s current management team. Sistema […]

Russia’s Sistema buys additional US$60m MTS shares

Russian conglomerate Sistema has bought an additional US$60 million (€43.9 million) shares in telco MTS.  Announcing the deal, Sistema, which already owns 53% of MTS, said it bought the additional shares between September 5 and October 15 2013. The transactions amounted to 6.425 million shares, or 0.3% of MTS ordinary shares on the open market […]

Sistema Mass-Media hit by shifts in production schedule

Russian conglomerate Sistema’s Sistema Mass-Media division saw its revenues and operating income plummet in the first quarter of this year, despite a 15% uptick in subscribers to its Stream-TV pay TV services. Sistema Mass-Media’s revenues fell by 58.7% to US$11 million (€8.3 million) year-on-year, which the company said was “largely due to shifts in the […]

MTS, Stream-TV see pay TV growth

Russian service provider MTS has seen a year-on-year growth of 200,000 subscribers in its pay TV base. The operator ended the third quarter with 2.7 million pay TV customers. MTS had 2.2 million broadband internet customers at the end of September, up 10% year-on-year. Sistema Mass Media’s pay TV offering Stream-TV saw its subscriber base […]

Sistema mulls possible DTT launch

Russian conglomerate Sistema is mulling the possible launch of digital-terrestrial TV services using a 470-694MHz frequency held by its Intellect Telecom subsidiary, according to local reports. Sistema president Mikhail Shamolin told local press that the frequency was likely to be used for digital TV, but it was not yet clear in what format. Sistema already […]

Moscow operator planning to invest heavily in FTTH

Sistema-owned Moscow network operator MGTS is planning to invest US$600 million (€450 million) this year in rolling out a GPON fibre-to-the-home network in the city, according to local reports. The total cost of MGTS’s investment in the network is ultimately expected to total US$2 billion, according to the reports. Rival operators have chosen to roll […]

Sistema abandons Kosmos TV purchase, may sell MTS

Russian conglomerate Sistema has abandoned plans to acquire a 50% stake in pay TV operator Kosmos TV, which would have given it overall control of the operator, and may sell its 52.8% stake in quad-play operator MTS, according to local reports. Russia’s RBC Daily has reported that Sistema is in discussion with unnamed parties to […]

Sistema looks to expand Stream TV

Russian media firm and pay TV operator Sistema Mass Media, the owner of pay TV service Stream, is eyeing the launch and acquisition of a number of new television channels through its Stream division. This comes as the company announced its latest financial results. 
”In the TV division, the [company] intends to increase its base […]