|Russian co, DLF join rush for telecom licences|
|BS Reporter / New Delhi September 26, 2007|
|Russian conglomerate Sistema has finalised an agreement with Indian telecom services provider Shyam Telelink, the unlisted telecom services arm of the Shyam Telecom group, to acquire 74% in the company. The deal values Telelink at a conservative $114 million.|
Simultaneously, Shyam has applied to the Department of Telecom (DoT) for unified access service licences (UASL) to operate networks in 21 Indian states.
First Published: Wed, September 26 2007. 21:37 IST