Reliance Communication is soon going to acquire its arch-rival MTS operating under Sistema Shyam Teleservices. RCOm has received a nod from stock exchanges and will soon acquire the CDMA operator- MTS.
“We wish to inform you that we have received observation letters from BSE and NSE,” said an RCom official in BSE filing.
The company mentioned that MTS will now file the necessary documents along with the required application at the Bombay and Mumbai high court for the approval of the scheme. And after getting the required approval from courts, the SSTL (Sistema Shyam Teleservices) will get in touch with the Telecom dept. for rearrangement of the licences.
RCom had announced its acquisition of SSTL in November last year, but the company was waiting for the required approvals to complete its acquisition. This was an all-stock deal. After the completion of acquisition, SSTL will get 10% equity in RCom.
Now after acquiring MTS, RCom is not relaxing. It now wants to acquire Aircel, country’s fifth largest telecom operator.
BSNL To Sign Its First Intra-Circle Roaming (ICR) Agreement With Aircel
In a move to improve its coverage and boost its revenue, state-run telecom operator- BSNL is planning to sign its first ICR roaming agreement with Aircel.
To sign its first ICR with Aircel, while exploring possibilities of such partnership with other telcos as well.
BSNL is open to inking such a partnership with any operator who wishes to do the same. On this event, BSNL CMD said that the exchange of the required documents has been done and the legal department of both the companies are looking into the matter.
“He said that the being a government entity, BSNL needs to look for ICR agreement with all operators. “We have a rate for ICR and if any operator is interested it can come to us and operate on that particular rate,” BSNL CDM added.
BSNL charges 25p/min, 3p/SMS, and 25p/MB of data. Aircel has accepeted these conditions and has decided to partner up with BSNL. The company also mentioned that many other telcos initially showed interest, but backed out later for unknown reasons.
BSNL Is Talking To Reliance Jio Too
BSNL is also in talks with RJio to share its infrastructure of 69,000-70,000 towers with the latter across the country. The agreement has hit roadblock due to incompatibilities of technology infrastructure deployed by both the companies.
If these deals happens, then both the operators would benefit a lot. RJio would be able to use BSNL’s 2G and 3G networks and BSNL would be able to use RJio’s 4G networks after sorting out some interoperability issues.
This would be huge deal and would further reinforce RJio network coverage in the country, making it one of the biggest network in the country. All, w