NEW DELHI: Reliance Communications (RCom<\/a>) said that it has completed the Sistema<\/a> Shyam Teleservices (SSTL) merger<\/a> transaction, having received approvals from all relevant Indian regulators and courts.
\n
RCom, in a statement, said that its board of directors on Tuesday took on record the demerger of Sistema Shyam Teleservices’s telecom business in India, run under the brand name
MTS<\/a>, with the company. RCom's board also approved the issuance of shares to the tune of 10% of the equity shareholding of Reliance Communications Limited, to SSTL, as part of the agreement between the two companies.
\n
\n“We welcome the completion of this deal, which marks another chapter in consolidation of the Indian telecom sector. As a shareholder of RCom we are confident that this
merger will help strengthen the operator's position in the
industry<\/a> and deliver on its strategic plans,\" Sistema President Mikhail Shamolin said in a statement.
\n
\nUnder the terms of the agreement, RCom has now acquired the telecommunications business of SSTL including its licenses. In addition, RCom has acquired 30 MHz of the most valuable and superior 800 \/ 850 MHz band spectrum, ideally suited for 4G LTE services and other evolving technologies, to complement its own unique nationwide footprint.
\n
\n\"This will result in extension of the validity of RCom’s spectrum portfolio in the 800 \/ 850 MHz band in eight important Circles (Delhi, Gujarat, Tamil Nadu, Karnataka, Kerala, Kolkata, UP-West and West Bengal) by a period of 12 years—from 2021 to 2033,\" the telco said.
\n
\nAs a result of the demerger, SSTL will receive a 10% equity stake in the fully diluted equity share capital of RCom. In addition, the Anil Ambani-led telco will assume the liability to pay the DoT, instalments for SSTL’s spectrum, amounting to Rs 390 crore per annum for the next 8 years.
\n
\nIf the Department of Telecommunications and the courts of India confirm that SSTL's spectrum can be used for deployment of the 4th generation networks without any additional payments, SSTL may become entitled to an earn-out payment from RCom.
\n
\nIn accordance with the approved transaction structure, SSTL's minority shareholders will have the right to convert SSTL shares into RCom shares in proportion to their equity stakes in SSTL as part of a tender offer to be announced by the end of January 2018.\n\n<\/p><\/body>","next_sibling":[{"msid":61362966,"title":"BSNL offering up to 60% discount, 500% more data as part of \u2018Loot Lo\u2019 offer","entity_type":"ARTICLE","link":"\/news\/bsnl-offering-up-to-60-discount-500-more-data-as-part-of-loot-lo-offer\/61362966","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":61364520,"entity_type":"ARTICLE","title":"RCom completes Shayam Sistema Teleservices merger transaction","synopsis":"RCom's board also approved the issuance of shares to the tune of 10% of the equity shareholding of Reliance Communications Limited, to SSTL, as part of the agreement between the two companies.","titleseo":"telecomnews\/rcom-completes-sistema-teleservices-merger-transaction","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-10-31 18:25:51","lastupd":"2017-10-31 21:21:37","breadcrumbTags":["RCom","Sistema","M&A","industry","MTS","Merger"],"secinfo":{"seolocation":"telecomnews\/rcom-completes-sistema-teleservices-merger-transaction"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-10-31" data-index="article_1">

完成RCom Shayam Sistema电信业务合并交易

RCom董事会还批准发行股票的10%的股权股权Reliance Communications有限,萨里,两家公司之间的协议的一部分。

  • 更新2017年10月31日09:21点坚持

新德里:信实电信(信实电信)表示,它已经完成了SistemaShyam电信业务(萨)合并事务,印度监管机构和法院收到所有相关的批准。

RCom在一份声明中表示,其董事会周二了记录分Sistema Shyam电信业务的电信业务在印度,在品牌名称下运行MTS,该公司。RCom董事会还批准发行股票的10%的股权股权Reliance Communications有限,萨里,两家公司之间的协议的一部分。

“我们欢迎这笔交易的完成,标志着印度电信行业整合的另一章。作为股东的RCom我们相信这一点
合并将有助于加强操作人员的位置行业和实现其战略计划”,Sistema总统米哈伊尔·Shamolin在一份声明中说。

根据协议条款,RCom萨已经收购了电信业务包括其许可证。此外,信实电信获得了30 MHz的最有价值的和优越的800/850 MHz频带频谱,适合4 g LTE服务和其他进化技术,来补充自己独特的全国性的足迹。

“这将导致延长信实电信的光谱组合的有效性在800/850 MHz频带在八个重要圈子(德里、古吉拉特邦、泰米尔纳德邦,卡纳塔克邦,喀拉拉邦,加尔各答,过程和西孟加拉邦)12年——从2021到2033年,“电信说。

由于分拆,萨里将获得10%的股权在完全稀释股本信实电信的股份。此外,Anil Ambani-led电信将承担的责任支付点,分期萨里的光谱,每年达390卢比在接下来的8年。

如果印度电信部和法院确认萨里的光谱可以用于部署的第四代网络不需要任何额外的支付,萨里可能会有权从RCom earn-out支付。

依照批准的交易结构,萨里的少数股东将有权萨股份转换成股票RCom萨里的股权比例作为要约的一部分,将由2018年1月底公布。

  • 发布于2017年10月31日下午06:25坚持
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NEW DELHI: Reliance Communications (RCom<\/a>) said that it has completed the Sistema<\/a> Shyam Teleservices (SSTL) merger<\/a> transaction, having received approvals from all relevant Indian regulators and courts.
\n
RCom, in a statement, said that its board of directors on Tuesday took on record the demerger of Sistema Shyam Teleservices’s telecom business in India, run under the brand name
MTS<\/a>, with the company. RCom's board also approved the issuance of shares to the tune of 10% of the equity shareholding of Reliance Communications Limited, to SSTL, as part of the agreement between the two companies.
\n
\n“We welcome the completion of this deal, which marks another chapter in consolidation of the Indian telecom sector. As a shareholder of RCom we are confident that this
merger will help strengthen the operator's position in the
industry<\/a> and deliver on its strategic plans,\" Sistema President Mikhail Shamolin said in a statement.
\n
\nUnder the terms of the agreement, RCom has now acquired the telecommunications business of SSTL including its licenses. In addition, RCom has acquired 30 MHz of the most valuable and superior 800 \/ 850 MHz band spectrum, ideally suited for 4G LTE services and other evolving technologies, to complement its own unique nationwide footprint.
\n
\n\"This will result in extension of the validity of RCom’s spectrum portfolio in the 800 \/ 850 MHz band in eight important Circles (Delhi, Gujarat, Tamil Nadu, Karnataka, Kerala, Kolkata, UP-West and West Bengal) by a period of 12 years—from 2021 to 2033,\" the telco said.
\n
\nAs a result of the demerger, SSTL will receive a 10% equity stake in the fully diluted equity share capital of RCom. In addition, the Anil Ambani-led telco will assume the liability to pay the DoT, instalments for SSTL’s spectrum, amounting to Rs 390 crore per annum for the next 8 years.
\n
\nIf the Department of Telecommunications and the courts of India confirm that SSTL's spectrum can be used for deployment of the 4th generation networks without any additional payments, SSTL may become entitled to an earn-out payment from RCom.
\n
\nIn accordance with the approved transaction structure, SSTL's minority shareholders will have the right to convert SSTL shares into RCom shares in proportion to their equity stakes in SSTL as part of a tender offer to be announced by the end of January 2018.\n\n<\/p><\/body>","next_sibling":[{"msid":61362966,"title":"BSNL offering up to 60% discount, 500% more data as part of \u2018Loot Lo\u2019 offer","entity_type":"ARTICLE","link":"\/news\/bsnl-offering-up-to-60-discount-500-more-data-as-part-of-loot-lo-offer\/61362966","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":61364520,"entity_type":"ARTICLE","title":"RCom completes Shayam Sistema Teleservices merger transaction","synopsis":"RCom's board also approved the issuance of shares to the tune of 10% of the equity shareholding of Reliance Communications Limited, to SSTL, as part of the agreement between the two companies.","titleseo":"telecomnews\/rcom-completes-sistema-teleservices-merger-transaction","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-10-31 18:25:51","lastupd":"2017-10-31 21:21:37","breadcrumbTags":["RCom","Sistema","M&A","industry","MTS","Merger"],"secinfo":{"seolocation":"telecomnews\/rcom-completes-sistema-teleservices-merger-transaction"}}" data-news_link="//www.iser-br.com/news/rcom-completes-sistema-teleservices-merger-transaction/61364520">