Russia’s Sistema interested in Reliance Telecom

Category: Reliance | No Comments | Posted on September 10, 2005

Financial Express reports that Russia’s AFK Sistema has approached Anil Dhirubhai Ambani Enterprises controlled Reliance Telecom, to buy out its GSM mobile business. Reliance Telecom has 1.54 million GSM users out of the total 63 million Indian mobile user base. ADAE also runs CDMA-based Reliance Infocomm, which is the third largest mobile operator in India with 11.13 million customers.

Earlier this year, AFK Sistema had signed a non-binding agreement with Aircel, which operates in the Chennai and Tamil Nadu circles, to buy a 49% stake. But the deal fell through. AFK Sistema runs Mobile TeleSystems, which is Russia’s largest mobile operator.

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