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RCom, AFK Sistema in exclusive discussions on a potential merger

15 Jun 2015 Evaluate

Reliance Communications (RCom) and AFK Sistema have entered into exclusive discussions on a potential merger between the Indian telecom business of Sistema Shyam TeleServices (SSTL) and RCOM through a stock swap. The discussions are indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary.

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.

Peers
Company Name CMP
Bharti Airtel 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
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