RCom has said it will run a non-mobile business, and will be shutting down its 2G and 3G wireless operations to concentrate on the B2B segm...

The completion of SSTL merger gives a breather to RCom which is planning to shut down its loss-making wireless telephony business by Novemb...

Under the deal, all wireless business assets of SSTL will come under RCom. However, brand MTS will continue to operate.

The RCom stock jumped 5.8% to close at 20.95 on the Bombay Stock Exchange on Thursday, outperforming a flat broader market.

Sistema had ventured into the Indian telecom space in 2007 when it bought 10 per cent stake in Shyam Telelink by paying USD 11.4 million. T...

"Hon'ble Rajasthan High Court has today sanctioned the Scheme of Arrangement (scheme) between SSTL and the Company on the petition filed by...

SSTL’s comments come amid news of the FIPB rejecting its application to increase foreign holding beyond 74 per cent for a second time.

Under the agreement, the payment for the shares will be made to the Russian budget in installments over a period of five years, Sistema sai...

"SSTL shareholders have approved the merger scheme with RCom at the meeting today," a source privy to the development told PTI.

Reliance Communications said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.

The transaction will add high data users to RCom's client base and give the companyairwaves to move its CDMA customers and free up existing...

Reliance Communications Thursday said that it, along with SSTL, will shortly apply to the HCs of Bombay and Rajasthan to clear their merger.

RCom today said stock exchanges BSE and NSE gave their go-ahead to its deal to acquire Russian conglomerate Sistema's Indian telecom unit, ...

SSTL has named Ilya Kosolapov as CFO who takes over at a time the Indian unit of Russia's Sistema JSFC is speeding up its merger with Relia...

Reliance Communications is merging the telecom business of Sistema Shyam Teleservices (SSTL) with itself in a cashless deal worth around Rs...

The firms had entered into talks in May for a possible merger of their operations via a stock swap, where MTS could get a stake of 8-10% of...

HSBC Global Research has maintained ‘reduce’ rating on Reliance Communications (RCom) even as the company entered into merger talks with Si...