Reliance Communications (RCom) is reportedly in talks on a possible acquisition of Sistema Shyam Teleservices (SSTL) in an all-stock deal. That could give the Russian-owned telco’s shareholders a stake of less than 10 per cent in the merged entity to start with. Due diligence is currently on, and there is an effort to tie up details in the next two to three months.
RCom is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
