SSTL-RCom merger gets DoT nod

Reliance Communications (RCOM) has received approval from the Department of Telecommunication (DoT) for demerger of the wireless business of Sistema Shyam Teleservices Limited (SSTL) into RCOM. With this, RCOM will acquire approximately two million customers and get additional annual revenues of about ₹700 crore, said the company. RCOM will acquire 30 MHz of the 800/850 MHz band spectrum, ideally suited for 4G LTE services, to complement its own footprint. This will result in the extension of the validity of RCOM’s spectrum portfolio in the 800/850 MHz band in eight circles