ADAG led RCom to take over mobile telephony venture of Sistema’s Indian unit
Q. ADAG Reliance Communications has said it will take over which Russian conglomerate’s Indian mobile telephone unit under the MTS brand?- Published on 03 Nov 15a. Sistema
b. ABBY
c. Acron
d. Accounter
ANSWER: Sistema
ADAG led RCom will take over Russian conglomerate Sistema’s Indian mobile telephony venture operating under the MTS brand. RCom has indicated that SSTL/Sistema Shyam Teleservices Ltd will hold 10% equity stake in RCom as a result of this deal. RCom will also assume liability to pay instalments for SSTL spectrum equalling INR 392 crore per year for the next decade as part of the deal.
In addition, RCom will acquire SSTL’s most valuable and superior 800/850 MHz band spectrum, suited for 4G LTE services, to supplement its own unique nationwide footprint of minimum 5 MHz contiguous 800/850 MHz spectrum aggregating 148.75 MHz.
