Oct 07, 2016 at 15:23 | Source: CNBC-TV18
In November, RCom has announced acquisition of SSTL in an all-stock deal valued at around Rs 4,500 crore. The deal will bring increase RComs subscriber base to 118 million.
Sep 30, 2016 at 20:18 | Source: PTI
Reliance Communications today said Rajasthan High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL), that operates under the MTS brand.
Sep 06, 2016 at 17:52 | Source: PTI
The company is now in the process of merging its mobile services business with Reliance Communications, but plans to step up investment in growing Indian start-up eco-system.
Aug 11, 2016 at 08:48 | Source: PTI
In all, the Foreign Investment Promotion Board (FIPB) rejected four foreign investment proposals and deferred decision on five applications.
Aug 10, 2016 at 18:14 | Source: PTI
According to the data tabled by Telecom Minister Manoj Sinha in the Lok Sabha, most number cases related to violation of MNP norms were reported in 2013-14 and their number declined sharply to 9 in 2015-16.
Jul 25, 2016 at 20:58 | Source: PTI
The company will use the funding to further invest in scaling the Gift Card category through innovations, R&D and expand into new geographies in Middle East and South East Asia and scale its growth, it said in a statement here.
Jun 27, 2016 at 21:58 | Source: PTI
Russian conglomerate Sistema JSFC said it will acquire Russia Government's 17.14 percent stake in Sistema Shyam TeleServices Limited (SSTL) for an estimated USD 777 million
Jun 27, 2016 at 15:57 | Source: Reuters
Under the agreement, the payment for the shares will be made to the Russian budget in instalments over a period of five years, Sistema said. It did not disclose the price.
May 23, 2016 at 18:20 | Source: PTI
In process to merge with bigger rival Reliance Communications, Russian giant Sistema's Indian telecom arm SSTL said cost of spectrum is "very high" inIndia and it is too tough for it to keep investing in India
Apr 15, 2016 at 15:00 | Source: Moneycontrol.com
The battle for 4G airwaves is fast becoming a knockout game of sorts. Within two months Bharti Airtel pocketed 4G spectrum from small-time telecom players for a pan-India push. Reliance Communications announced it was going to buy out the local unit of Russias Sistema JSFC. So, is consolidation around the corner?