Tuesday, 21 November 2017

Consolidation in India as RCom buys Sistema Shyam

By Mary Lennighan, Total Telecom
Monday 02 November 15

Russia's Sistema will take a 10% stake in RCom following merger of assets.

Reliance Communications on Monday announced it has agreed a share swap deal that will see it take control of smaller rival Sistema Shyam Teleservices (SSTL). Under the terms of the agreement, SSTL will be merged into RCom. Its parent company, Russia's Sistema, will take a 10% stake in RCom. In addition, RCom will assume SSTL's spectrum licence fee obligations…

Reliance Communications on Monday announced it has agreed a share swap deal that will see it take control of smaller rival Sistema Shyam Teleservices (SSTL). Under the terms of the agreement, SSTL will be merged into RCom. Its parent company, Russia's Sistema, will take a 10% stake in RCom. In addition, RCom will assume SSTL's spectrum licence fee obligations…

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