Reliance Communications (RCOM) today announced that it has completed merger transaction with Sistema’s Indian wireless business, carried on by Sistema Shyam Teleservices Ltd. (SSTL) under the MTS brand. The deal was announced back in 2015 and it was decently approved by Department of Telecommunications (DOT) last week. Continue reading “Reliance Communications completes Sistema’s MTS merger transaction”
Reliance Communications (RCOM) today announced that it will acquire Sistema’s Indian wireless business, carried on by Sistema Shyam Teleservices Ltd. (SSTL) under the MTS brand funded entirely by stock. It will acquire approx. 9 million customers and approximately Rs. 1,500 crore of annual revenues by virtue of the transaction, said the company. Continue reading “Reliance Communications to acquire Sistema’s MTS”
