Sistema Shyam Teleservices Ltd (SSTL), a joint venture between Russia's Sistema and the Shyam Group, is close to inking an IT operations outsourcing deal with Essar group-owned Aegis BPO.     

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According to sources, SSTL will initially give the contract for eastern circle which includes Kolkata, West Bengal, Bihar and Jharkhand to Aegis.     

In the first leg, the deal would be for 35 seats which would be scaled up to 150 in the next three month, sources added.     

One of the recent entrants in the Indian telecom market, SSTL offers CDMA-technology based telephony services in Kerala, Tamil Nadu, Kolkata and Rajasthan under the MTS brand.     

In the East, the company has launched its services in Kolkata only and is planning to begin its operations in Bihar next month. SSTL is also planning to complete its pan-India service launch by the third quarter of 2010.     

Headquartered in Gurgaon, SSTL has licences and spectrum to provide mobile telephony services in all the 22 circles across the country.     

The telcom company has so far invested about 1.2 billion dollar in India for spectrum allocation and other infrastructure of the total capital expenditure plan of $5.5 billion.     

Aegis is a business process outsourcing which services more than 60 Fortune 1000 companies worldwide.

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