Reliance Communications Ltd (R-Com) is acquiring Sistema Shyam Teleservices Ltd’s wireless business for equity worth Rs.2,100 crore. It has also committed to paying Sistema’s liabilities to the government, the present value of which is Rs.2,400 crore. These look like extremely high valuations for Sistema’s loss-making operations, and the deal will… Read more »
Idea Cellular Ltd’s
By Mobis Philipose
Vodafone investors have been recommending an exit from India.