RCom to acquire MTS India

Monday 2 November 2015 | 10:45 CET | News
Indian operator Reliance Communications (RCom) and Russia-based Sistema have signed definitive documents for the demerger of Sistema's Indian wireless business into RCom. Sistema Shyam Teleservices (SSTL) operates in India under the MTS brand. RCom will acquire around 9 million customers and INR 15 billion of annual revenues via this transaction.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTS / RCom / Reliance Communications / Sistema Shyam TeleServices
Countries: India
::: add a comment
This article is part of dossier


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


RCom's quarterly profit jumps 6.3%, revenue down nearly 4%

Published 15 Sep 2016 08:37 CET | India
Indian operator Reliance Communications (RCom) saw its first-quarter revenue reach INR 53.6 billion, which represents a decline ...

Sistema buys back 17% in SSTL from Russian govt

Published 27 Jun 2016 17:14 CET | India
Russian telecommunications holding company Sistema, controlling the MTS Group, has signed an agreement with the Russian Federal ...

India approves merger of MTS with RCom

Published 22 Feb 2016 11:28 CET | India
India's Competition Commission has approved the proposed merger of Sistema Shyam Teleservices (SSTL), which provides telecom ...

RCom revenues, EBITDA decline in December quarter

Published 25 Jan 2016 09:23 CET | India
Indian operator Reliance Communications (RCom) reported revenue for its fiscal third quarter to 31 December 2015 of INR 52.98 ...

RCom, MTS seek merger clearance from two high courts

Published 14 Jan 2016 11:02 CET | India
Indian operator Reliance Communications (RCom), along with Sistema Shyam Teleservices (SSTL), which provides telecom services ...

RCom in talks to combine mobile business with Aircel

Published 23 Dec 2015 12:39 CET | India
Reliance Communications (RCom) has announced that it has entered a 90-day exclusivity period with Maxis Communications and Sindya ...

India regulator consults on spectrum auction price

Published 27 Nov 2015 08:30 CET | India
Indian telecom regulator TRAI has released a consultation paper on the valuation and reserve price of spectrum in 700, 800, 900, ...

MTS India's Q3 revenues grow 10%, net loss narrows

Published 25 Nov 2015 10:07 CET | India
Indian mobile operator Sistema Shyam Teleservices (SSTL), which operates under the MTS brand, saw its third-quarter revenue ...

RCom revenues, EBITDA down slightly in September quarter

Published 10 Nov 2015 16:20 CET | India
Indian operator Reliance Communications reported revenue for its fiscal second quarter to September of INR 53.55 billion (USD 817 ...

RCom, Aircel, Sistema start merger talks in India - report

Published 21 Oct 2015 11:11 CET | India
Indian operators Reliance Communications (RCom), Aircel and Sistema Shyam TeleServices Limited (SSTL), which provides telecom ...

Indian govt releases spectrum trading rules

Published 14 Oct 2015 14:04 CET | India
The Indian government has released the rules that will allow telecom operators to trade spectrum, The Economic Times reports. ...

Sistema confirms talks to sell MTS India to RCom

Published 15 Jun 2015 14:46 CET | India
Russian conglomerate Sistema has entered talks to sell its Indian mobile operator to Reliance Communications. The company ...

Calendar   /   Industry Events

18 Oct Digi Q3 2019
18 Oct Reliance Jio fiscal Q2
21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Calix Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct AT&T Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Telenor Q3 2019
23 Oct Orange Belgium Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Netgear Q3 2019
23 Oct Millicom Q3 2019
23 Oct Annual Customer Service Summit
24 Oct Netia Q3 2019
24 Oct Nokia Q3 2019
24 Oct Comcast Q3 2019
24 Oct Verisign Q3 2019
24 Oct STMicroelectronics Q3 2019
24 Oct Juniper Networks Q3 2019
24 Oct Nordic Entertainment Q3 2019
24 Oct Amazon Q3 2019
24 Oct HKBN fiscal FY
24 Oct Maxlinear Q3 2019
24 Oct Televisa Q3 2019
25 Oct Doro Q3 2019
25 Oct Megacable Q3 2019
::: More Calendar Items