RCOM to buy Sistema’s Indian telecom business

RCOM to buy Sistema’s Indian telecom business

Triggering a significant consolidation in telecom business in the country, industrialist Anil Ambani-led Reliance Communications on Monday announced a major accord to acquire the Indian business of Russia’s Sistema, which is operating under the ‘MTS’ brand, in a unique stock-cum-spectrum-fee payment deal. The deal first calls for a demerger of the telecom business of the […]