May 19th, 2017 1:17 PM 14 COMMENTS

Telecom Tribunal Ruling to Pave Way for RCom-MTS Merger?

In what comes as a relief for Sistema Shyam Teleservices (MTS), the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has reportedly ruled out the telecom department's demand for bank guarantees worth Rs 236 crore from the CDMA telco for spectrum in the 800 MHz band that had been transferred to Anil Ambani-led Reliance Communications (RCom). According to an Economic Times report, the telecom tribunal has now ruled that the DoT... Read More

January 15th, 2016 4:21 PM 17 COMMENTS

RCom receives approval to buy Sistema Shyam Teleservices

Reliance Communications (RCom) has received a nod from the stock exchanges to acquire Sistema Shyam Teleservices Ltd (SSTL), which operates under the MTS brand in the country. The Anil Ambani-led telecom service provider, in a BSE filing said, “We wish to inform you that we have received observation letters from BSE and NSE.” The company along with SSTL will now file necessary applications with the Bombay High Court and Rajasthan... Read More

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