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 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 […]
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 […]
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 […]
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 […]
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 […]
Following offers such as free talk time from BSNL, Airtel and Vodafone, data operator MTS said it is offering 1 GB of data for all customers in the Tamil Nadu circle to help them cope with the floods in Chennai and surrounding regions. The validity of the data will be only for 3 days. “Both […]
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 – […]
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 […]
Sistema Shyam TeleServices Ltd. (SSTL), which operates its telecom services under the MTS brand in India, said its non-voice revenue have now started contributing over half, or 51.1%, of its total revenue in India. With this, SSTL has become the first operator to achieve this milestone. Other operators such as Idea Cellular get only about […]
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. […]
Sistema Shyam TeleServices Ltd. (SSTL), which operates its telecom services under the MTS brand in India, said its data card subscriber base for the quarter increased by 11% to 1.34 million subscribers. Non-voice revenues contribute 34.5% of total quarterly revenues, the highest in the industry, the company said. SSTL rolled out its 3GPLUS Telecom Network […]
