265:, acquired a 10% stake in Shyam Telelink for a total cash consideration of US$ 11.4 million at the end of September 2007. Shantanu Telecom along with their partner Sistema had applied for UASL licence in 22 telecom circles of India. In August 2008, they got a pan-India start-up spectrum to start their mobile service operations in the country. They provide mobile services based on CDMA technology under the brand name MTS India and gave contracts to
29:
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circle. MTS had approximately 2.32 million subscribers in those 10 circles at the time of the announcement, and 14.88 million subscribers nationally. According to MTS officials, the 10 circles where MTS ceased operations constituted 15.62% of its total subscriber base and less than 15% of the
341:
392 crore annually for 10 years. As a result of the deal, Reliance acquired nearly 9 million subscribers, as well as SSTL's spectrum in the 850 MHz band. The merger deal was approved by the
Competition Commission of India (CCI) in February 2016. SEBI cleared the deal by March, and SSTL
337:(RCom) announced that it had acquired SSTL in an all-stock deal, in which SSTL received a 10% share in RCom, after paying off its existing debt. RCom would assume the liability for installments that SSTL had to pay the government from purchasing spectrum. The liability amounted
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shareholders approved the deal on 18 March. By mid-August, the deal was approved by tax authorities and the shareholders and creditors of RCom and SSTL. The merger was approved by the
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The final approval, from the
Department of Telecommunications, was given on 20 October 2017. On 31 October 2017, RCom announced that it completed the merger.
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for network expansion. MTS launched
Kolkata & West Bengal in May'2009. MTS launched operations in Uttar Pradesh East and West in October 2010.
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250:(RCom) on 14 January 2016 in an all-stock deal, in which SSTL received a 10% share in RCom. SSTL was merged into RCom on 31 October 2017.
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cancelled 122 licences of 22 mobile operators, including 21 of MTS' 22 licences, in connection with the
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637:"Reliance Communication gets Bombay HC approval for Sistema acquisition - The Economic Times"
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586:"DoT's approval for SSTL-RCOM merger likely in Q4: Sistema - The Economic Times"
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389:"MTS India To Close Down Operations in 10 Circles; 15.6% Subscribers Impacted"
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318:
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565:"Sistema Shyam shareholders approve merger with Reliance Communications"
519:"Reliance Communications acquires Sistema's MTS India in all-stock deal"
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37:
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443:"Sistema to shut operations in 10 circles ahead of spectrum auction"
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on 30 September 2016, and the Mumbai High Court on 7 October 2016.
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662:"Telecom department approves RCom-MTS merger - ET Telecom"
544:"Reliance Communications Gets CCI Approval to Acquire MTS"
611:"RCom gets Rajasthan HC approval for Sistema acquisition"
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266:
152:
366:"MTS mobile services in Uttar Pradesh by early-November"
293:, MTS won back licences and spectrum in 8 circles -
738:"Reliance Communications completes merger with MTS"
713:"Reliance Communications Completes Merger With MTS"
804:Telecommunications companies established in 2008
760:
494:"Sistema gives 3 circles a miss in CDMA auction"
261:, the largest public diversified corporation in
284:. MTS lost all its licences except the one for
687:"RCom-Sistema Shyam merger gets DoT approval"
465:"Sistema bags spectrum in eight circles for
774:Technology companies disestablished in 2017
411:"MTS to shut down operations in 10 circles"
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617:. Press Trust of India. 30 September 2016
386:
243:, messaging and data services in India.
239:. The company provided wireless voice,
761:
329:Acquisition by Reliance Communications
779:Telecommunications companies of India
769:Indian companies established in 2008
227:, India. It was a joint venture and
784:Internet service providers of India
13:
289:company's overall revenue. In the
51:Sistema Shyam Teleservices Limited
14:
830:
814:2017 disestablishments in India
789:Mobile phone companies of India
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819:2017 mergers and acquisitions
387:Vikas SN (22 February 2013).
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809:2008 establishments in Delhi
794:Companies based in New Delhi
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79:; 15 years ago
16:A telecommunication company
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246:MTS India was acquired by
223:company headquartered in
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276:On 2 February 2012, the
213:Mobile TeleSystems India
615:Business Standard India
335:Reliance Communications
248:Reliance Communications
193:Reliance Communications
115:Reliance Communications
278:Supreme Court of India
291:2013 spectrum auction
97:; 6 years ago
523:www.businesstoday.in
344:Rajasthan High Court
333:On 14 January 2016,
95:31 October 2017
423:on 24 February 2013
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691:The Economic Times
641:The Economic Times
590:The Economic Times
416:The Times of India
241:broadband Internet
231:subsidiary of the
221:telecommunications
175:Wireless broadband
77:December 2008
68:Telecommunications
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744:. 31 October 2017
693:. 23 October 2017
498:Business Standard
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180:Internet services
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419:. Archived from
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282:2G spectrum case
235:mobile operator
170:Mobile telephony
125:New Delhi, India
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746:. Retrieved
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469:3,639 crore"
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447:. Retrieved
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425:. Retrieved
421:the original
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121:Headquarters
113:Acquired by
56:Company type
18:
748:18 November
722:18 November
671:18 November
595:6 September
570:6 September
549:6 September
528:6 September
391:. MediaNama
323:West Bengal
321:(West) and
132:Area served
763:Categories
697:24 October
503:31 October
478:31 October
449:31 October
445:. Livemint
427:31 October
372:31 October
353:References
311:Tamil Nadu
144:Key people
102:2017-10-31
59:Subsidiary
38:Trade name
646:8 October
621:1 October
473:The Hindu
395:9 October
307:Karnataka
295:Delhi NCR
286:Rajasthan
217:MTS India
22:MTS India
742:Zee News
219:) was a
163:Services
64:Industry
48:Formerly
799:Sistema
303:Gujarat
299:Kolkata
259:Sistema
254:History
233:Russian
205:Sistema
100: (
92:Defunct
84:2008-12
82: (
74:Founded
368:. Mint
315:Kerala
271:Huawei
263:Russia
229:Indian
200:Parent
225:Delhi
189:Owner
137:India
750:2017
724:2017
717:NDTV
699:2017
673:2017
648:2016
623:2016
597:2016
572:2016
551:2016
530:2016
505:2015
480:2015
451:2015
429:2015
397:2014
374:2015
269:and
110:Fate
43:SSTL
267:ZTE
237:MTS
153:CEO
765::
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467:₹
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339:₹
215:(
155:)
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86:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
