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SSTL MERGER
Reliance Comm liable to pay SSTL AGR dues, DoT identifies combined liability worth more than Rs 25k crIn February 2019, RCom filed for insolvency. Under the proceedings, the DoT has claimed nearly Rs 30,000 crore in dues from RCom, of which ...- Sistema Shyam lowers stake in RCom to 4.43%This comes after the company last month sold 2.1 per cent of its equity holding in RCom.
- Promoter Group holding in RCom shrinks to 53%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...
- Sistema Shyam telecom biz merges with Reliance CommunicationsThe completion of SSTL merger gives a breather to RCom which is planning to shut down its loss-making wireless telephony business by Novemb...
- RCom-Sistema Shyam merger gets DoT approvalUnder the deal, all wireless business assets of SSTL will come under RCom. However, brand MTS will continue to operate.
- Telecom department approves RCom-MTS mergerThe deal, which is valued at Rs 5,000 crore, would provide RCom with 3.75 MHz of highly valuable spectrum in 850 MHZ band in 9 telecom circ...
- TDSAT asks DoT to clear RCom-SSTL merger in 2 weeksThe RCom stock jumped 5.8% to close at 20.95 on the Bombay Stock Exchange on Thursday, outperforming a flat broader market.
- TDSAT ruling may ease Reliance Communications merger with SSTLThe Telecom Disputes Settlement and Appellate Tribunal (TDSAT) ruled that the (DoT) need not ask for bank guarantees worth Rs. 236 crore fr...
- Reliance Communication gets Bombay HC approval for Sistema acquisitionSistema 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...
- Supreme Court to decide fate of Reliance Communications and Sistema's mergerRussian newswires have quoted SSTL’s parent, Sistema JSFC reportedly voicing apprehensions that “the procedure of hearing in SC is being st...
- Sistema to seek nod afresh to up foreign holdingSSTL’s comments come amid news of the FIPB rejecting its application to increase foreign holding beyond 74 per cent for a second time.
- Sistema Shyam shareholders approve merger with Reliance Communications"SSTL shareholders have approved the merger scheme with RCom at the meeting today," a source privy to the development told PTI.
- Reliance Communications shareholders approve SSTL mergerReliance Communications said itgs shareholders have approved the proposal for merger of Sistema Shyam Teleservices with the company.
- Competition Commission of India approves Reliance Communications-Sistema Shyam mergerThe 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 to apply for MTS merger with 2 high courtsReliance Communications Thursday said that it, along with SSTL, will shortly apply to the HCs of Bombay and Rajasthan to clear their merger.
- SSTL names Ilya Kosolapov as chief finance officerSSTL 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...
- RCom-Sistema deal signals more telco M&As: FitchLarger operators are likely to seek acquisitions as they require more spectrum to support their fast-growing 3G and 4G service revenues, Fi...
- RCom climbs as board approves MTS mergerThe decision by the RCom board has paved the way for the first major consolidation in the domestic telecom sector since 2009.
- Anil Ambani-led Reliance Communications mulls merger with Sistema Shyam's MTSThe 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 retains ‘reduce’ on RCom post even as co talks merger with SistemaHSBC Global Research has maintained ‘reduce’ rating on Reliance Communications (RCom) even as the company entered into merger talks with Si...
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