Reliance Communication Acquires Sistemas Indian Telecom Business
Billionaire Anil Ambani-led Reliance Communications today said it will take over Russian conglomerate Sistema’s Indian mobile telephony venture that operates under the MTS brand. While financial details of the deal were not immediately announced, RCom said Sistema Shyam Teleservices Ltd (SSTL) will hold a 10 percent equity stake in RCom as a result of the […]