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”