MTS India merges with Anil Ambani's Rcom ..

[Sai Jai]

Billionaire Anil Ambani-led Reliance
Communications on Monday 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 per cent equity
stake in RCom as a result of the deal.
In addition, RCom will assume the
liability to pay the government
installments for SSTL’s spectrum,
amounting to Rs 392 crore per annum
for the next 10 years.
“RCom will acquire approximately 9
million customers and approximately
Rs 1,500 crore of annual revenues by
virtue of the transaction,” the
company said in a statement.
In addition, RCom will acquire SSTL’s
most valuable and superior 800/850
MHz band spectrum, ideally suited for
4G LTE services, to complement its
own unique nationwide footprint ... Read more @: MTS India merges with Anil Ambani's RCom: The Hindu - Mobile edition

 

[Rahulan Raj]

So Reliance will more likely to shut Airtel's big mouth 4G with this :sp

 

[diesel]

Reliance Communications shares jump over 6% on MTS merger. The important thing is RCom will acquire SSTL’s most valuable and superior 800 / 850 MHz band spectrum, ideally suited for 4G LTE services, to complement its own unique nationwide footprint of minimum 5 MHz contiguous 800 / 850 MHz spectrum aggregating 148.75 MHz.
This will extend the validity of RCOM’s spectrum in 800 / 850 MHz band in 8 important circles by a period of 12 years from 2021 till 2033 (Delhi, Gujarat, Tamil Nadu, Karnataka, Kerala, Kolkata, UP (West) and West Bengal).

 

[jay vithlani]

They also talking with aircel. In short time aircel also merge in rcom.