Russian investment company is planning to acquire Aircel Communication for around $3 billion. Currently Maxis communication owns 74% stakes in Aircel.
Sistema Shyam TeleServices Limited (SSTL) currently operates it telecom service in India under MTS brand and has Shyam Telecom as its Indian partner. It lost its license in 21 circles after Supreme Court judgement earlier this year.
Aircel has closed to 65 million subscriber in India while MTS oly has more than 16 million subsccribers.
But it will be interesting to see what will happen. No one from either of the company has accepted this. So we can not say what is going to happen.
What do you think about this? Do you think MTS will get boost after this deal?
Share this article:
Follow Techlomedia on Google News to stay updated.
Affiliate Disclosure:
This article may contain affiliate links. We may earn a commission on purchases made through these links at no extra cost to you.
About the Author: Deepanker Verma
Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.
