India: Reliance Communications to consider Sistema Shyam Tele merger on Monday

India: Reliance Communications to consider Sistema Shyam Tele merger on Monday

Visual from the Rcom website

Anil Ambani-led Reliance Communications Ltd (R-Com) on Saturday informed stock exchanges that its board of directors will meet on Monday to consider a merger of the telecom business of Sistema Shyam Teleservices Ltd with itself, that could mark the start of much-anticipated consolidation in India’s telecom sector.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter