A PYMNTS Company

India: RCom, Sistema in talks to merge telecom businesses

By  |  June 15, 2015

Anil Ambani-led Reliance Communication has said it is in talks with AFK Sistema to merge the Russian conglomerate’s Indian telecom operations through a cashless stock swap.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “Reliance Communications and AFK Sistema have entered into exclusive discussions on a potential merger between the Indian telecom business of Sistema Shyam TeleServices and RCom through a stock swap,” the company said in a statement.

    The discussions, it said, are “indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary.”

    Full content: The Hindu

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.