March 18th, 2016 10:32 PM 10 COMMENTS

RCom-SSTL merger gets another nod

Sistema Shyam Teleservices, which operates under MTS India brand, Friday received a nod from its shareholders for the planned merger with Anil Ambani-owned Reliance Communications (RCom). A PTI report said that the decision was taken during a meeting convened by the Rajasthan High Court in Jaipur. An SSTL spokesperson confirmed the development to the news wire service. "As per initial indications, members of the company have duly approved the merger process... Read More

March 9th, 2016 1:20 PM 0 COMMENTS

RCom gets shareholders nod for SSTL merger

Anil Ambani-led telco RCom has received its shareholders nod for merger of Sistema Shyam Teleservices with the company, following clearances by Competition Commission of India, Rajasthan High Court, Bombay High Court and SEBI. "The Court Convened meeting of the members of the Company held on March 8, 2016 to consider and approve Scheme of Arrangement of Sistema Shyam TeleServices Limited with the Company (Scheme), the Members of the Company have... Read More

November 2nd, 2015 7:19 PM 8 COMMENTS

Will RCom-SSTL merger set the ball rolling for telecom consolidation in India?

In 2014, the telecom industry in India thought that it would see its first consolidation in the sector with Bharti Airtel’s acquisition of Loop Mobile, which would have made the former a number 1 player in the Mumbai circle, where Vodafone had a dominating position. But, country’s top operator called off the Rs 700-crore deal after it got stuck in regulatory hurdles. Now, with RCom, SSTL merger, the question pops... Read More

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