Sistema Shyam Teleservices Ltd (SSTL), a joint venture between Russia's Sistema and the Shyam Group, is believed to be in the process of finalizing an IT operations outsourcing deal with Aegis BPO. The initial deal is expected to be for 35 seats which would be scaled up to 150 in the next three month.

SSTL will initially give the contract for eastern circle including Kolkata, West Bengal, Bihar and Jharkhand to Aegis according to a report in the Economic Times.

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.