Sistema Shyam Teleservices’s MTS will continue to operate as a separate brand after the RCom-Sistema merger. Photo: MintNew Delhi: The department of telecom (DoT) has cleared the merger of Sistema Shyam Teleservices with Reliance Communications, a deal that will reduce the number of mobile operators in the country to 10. “Reliance Communications Limited (RCom) has received the Department of Telecommunication’s (DoT) approval for the demerger of the wireless business of Sistema Shyam Teleservices Limited (SSTL) into RCom,” the Anil Ambani led telecom firm said in a statement. According to a person in the know, the RCom-Sistema merger deal was cleared by the DoT on 20 October. The nod brings some relief for the debt-ridden RCom after its merger deal with another telecom operator Aircel collapsed early this month.

Source: Mint October 23, 2017 12:56 UTC