RCom to issue shares to MTS, to pay earn-out fees in case of 4G conversion

Reliance Communications said it the company’s board has approved the issue of fresh shares in the company to the shareholders of Sistema Shyam Teleservices Ltd, which operates the MTS brand of telecom services in India. RCom’s merger with MTS received the government’s approval a few days ago. Since companies in India can get an extension […]

Reliance Communications says MTS merger to be closed in 2 weeks, gets DoT nod

Reliance Communication Ltd said it received the approval of Department of Telecommunication (DoT) for its merger with Sistema Shyam Teleservices Limited or SSTL, which runs MTS branded services in India. With this, the Anil Ambani Group company has received all the major regulatory approvals for the merger. The closure of the transaction is expected by […]

RCom gets Bombay High Court approval for MTS merger

Reliance Communications said its merger with Sistema Shyam Teleservices has been approved by the Bombay High Court. The Anil Ambani company is merging with SSTL, which operates telecom services under the MTS brand in India. After the merger, RCom shareholders will hold 90% of the resulting entity, with the remaining held by MTS. After this […]

RCom, Aircel makes ‘substantial progress’ in merger talks

Anil Ambani group’s Reliance Communications and Aircel Cellular, a unit of Maxis of Malaysia, have again extended talks for merging the wireless operations of the latter with the former by 30 days. The companies noted that ‘substantial progress’ has been made in the matter. “Based on the substantial further progress made, RCOM, MCB and Sindya […]

Telenor, Idea customers happiest; Bharti Airtel sees jump in complaints

Customers of Idea Cellular turned out to be the happiest among those of all the big private telecom operators in India, while those of Reliance Communications were the most likely to make complaints to the regulator or the government. Among all private operators small and big, MTS’ subscribers made the highest number of complaints per […]

RCom-Aircel merger would be a coup for Anil Ambani

After signing a merger deal with MTS, Anil Ambani’s Reliance Communications is now targeting Aircel Cellular for a merger deal that will be a major coup for the younger Ambani brother. The Mumbai-based company it has entered into a 90-day exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private Limited, the […]

MTS says won’t block VoIP calls, offers OpenWeb data plans

With operators like Bharti Airtel and Idea Cellular asking the government to be allowed to block certain web applications that compete with their own offerings, data-centric service provider MTS has declared that it will never block any web traffic on its network. Sistema Shyam TeleServices – which runs its services under the MTS brand – […]

RCom, MTS merger is all about 4G LTE – analysts

Reliance Communications and Sistema Shyam Teleservices (MTS) announced that they were in exclusive discussions to merge their operations. While this was seen as being in the works, especially after a recent statement by Sistema’s Dmitry Shukov, analysts are saying that this merger will be a win-win for both parties. “If they can merge, then it […]

Idea Cellular says net neutrality will raise data price to Rs 1,000-2,500 per GB

Idea Cellular has warned that companies like itself will have to raise data prices to 108-250 paise/MB (Rs 1,105-2,560 per GB) if government imposes net neutrality on wireless providers. This would required as voice call rates will fall to 7.5 paise per minute if net neutrality is allowed in the current situation, Idea Cellular said. […]