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Sistema sells entire stake in Rcom: Report

21 Jun 2018 Evaluate

Sistema JSFC has reportedly sold its entire stake in Reliance Communications (Rcom) in multiple tranches over the past few months, becoming the latest foreign operator to exit the troubled Indian telecom market, having lost about $4 billion on its investments. Sistema had hold 10% stake in the company. 

Rcom is India’s foremost and truly integrated telecommunications service provider.

Peers
Company Name CMP
Bharti Airtel 1974.00
Jio Platforms 1423.05
Vodafone Idea 12.11
Indus Towers 382.50
Tata Communications 1713.15
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