February 13th, 2017 7:53 PM 8 COMMENTS

RCom says Aircel merger to be completed by 2017 middle, MTS merger by March

Reliance Communication's (RCom) merger with smaller GSM telco Aircel, and tower deal with Brookfield are likely to be completed by the middle of 2017, while the merger with Sistema Shyam Teleservices, which operates under MTS India, will be completed by March end this year, the telco said in analyst call post results on Monday. The Anil Ambani-led telco also clarified that the ongoing legal issue on Aircel and Maxis will... Read More

October 8th, 2016 11:56 AM 25 COMMENTS

RCom gets another nod for MTS acquisition, may close deal in November

Reliance Communications (RCom) said that it has received a nod from the Bombay High Court for the acquisition of Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL). Following this nod, RCom will now approach the telecom department for the final approval for the acquisition. Media reports said that the acquisition is expected to be closed by November 2016. “We wish to inform you that Hon’ble High Court... Read More

February 22nd, 2016 6:47 PM 12 COMMENTS

RCom-MTS merger receives CCI approval

The proposed merger of Sistema Shyam Ltd's operations into Reliance Communications (RCom) has received a nod from the Competition Commission of India (CCI). The approval paves way for the first major consolidation in the intensely competitive sector since 2009. "We wish to inform you that the Competition Commission of India (CCI) has approved transfer of telecommunications undertaking of Sistema Shyam Teleservices Ltd to the company," Reliance Communications said in a... Read More

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