Reliance Communications' board also approved issuing 10 per cent equity in the company to Sistema Shyam Teleservices, as part of the agreement between the two.
The merger between Sistema Shyam and Reliance Communications promises Rs 700 crore extra income and two million new users for Anil Ambani's telco.
New Delhi, May 27: Telecom operator Sistema ShyamTeleservices (SSTL), which recently acquired fresh spectrum to continue operations in India, on Monday reported widening of net loss at Rs. 643.9 crore for the first quarter ended
New Delhi, July 6 : Home Minister P Chidambaram may head the Empowered Group of Ministers (EGoM) on the allocation of telecom spectrum, which was reconstituted today after Agriculture Minister Sharad Pawar declined to head
Top News
Latest News
