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Sistema confirms talks to sell MTS India to RCom
2015-06-15 14:46:00| Telecompaper Headlines
(Telecompaper) Russian conglomerate Sistema has entered talks to sell its Indian mobile operator to Reliance Communications. The company confirmed it was in exclusive talks with RCom to merge Sistema Shyam TeleServices, which operates under the name MTS India, with its larger rival. Sistema would receive a stake in RCom as payment. Sistema said the talks are at an early stage and any deal remains subject to due diligence. MTS India operates on a limited scale in India, in just nine states including the Delhi area. While the company has been growing since the introduction of 3G, it remains loss-making and lacks the scale to compete with bigger operators in India. In addition to its around 9 million customers, the takeover would give RCom additional spectrum licences in key markets.
Tags: sell
india
sistema
talks
Ericsson bags pan-India managed services deal with RCom
2014-12-05 01:00:00| Total Telecom industry news
Swedish vendor to take on field maintenance, network operations for telco's fixed and mobile infrastructure.
Tags: services
deal
managed
bags
RCom net profit up 21% on cost reductions
2014-08-14 16:03:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications reported net profit for its fiscal first quarter to June up 21.4 percent year-on-year to INR 1.32 billion. The result was driven by a reduction in costs at its international arm. RCom said additional debt reduction and refinancing efforts are expected to result in annual savings of INR 6 billion on interest from Q2. Net debt dropped to INR 355.0 billion at the end of June from 401.8 billion. The company's revenues in the first quarter were up 2.1 percent to INR 55.2 billion, as 1.3 percent growth at the mobile business in India offset a 5.1 percent decline at the international business. EBITDA rose 9.5 percent to INR 18.6 billion, giving a margin of 33.7 percent. RCom said its mobile ARPU in India was up 14.3 percent year-on-year to INR 136 in the quarter, thanks to price increases and higher revenue per minute. Data traffic also jumped 78 percent from a year earlier to 55.3 billion MB, driven by the roll-out of the 3G network. The operator had 28.6 million mobile internet customers at the end of June, of which 13 million used 3G. Thee was little change in 3G coverage during the quarter, with 334 towns covered and just under 11,700 sites active at the end of June.
Tags: net
cost
profit
reductions
RCom raises $800m from share sale
2014-06-25 02:00:00| Total Telecom industry news
Indian operator to raise further $216 million by issuing warrants to its founders.
RCom, Tata, Aircel agree 3G roaming
2014-04-28 14:55:00| Telecompaper Headlines
(Telecompaper) Reliance Communications announced an agreement with Tata Teleservices and Aircel to provide 3G roaming services to each others' customers across country, the Times of India reported. RCom and Aircel have permits for 3G services in 13 of 22 service areas in India, while Tata Teleservices has permits in nine circles. RCom said the agreement should improve its market share in the postpaid and business segments. RCom circles comprise Delhi, Mumbai, Kolkata, Punjab, Rajasthan, Madhya Pradesh, West Bengal, Himachal Pradesh, Bihar, Orissa, Assam, North East and Jammu & Kashmir. With this agreement, RCom gets access to five new areas - Andhra Pradesh, Karnataka, Tamil Nadu, Kerala and UP East where Aircel has presence. Its agreement with TTSL gives it access to Maharashtra, Gujarat, Haryana and UP West. The partnership gives Aircel and Tata Teleservices access to most expensive service areas of Delhi and Mumbai where RCom has permits.
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