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Russian co, DLF join rush for telecom licences

BS Reporter  |  New Delhi 

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.

Shyam

First Published: Wed, September 26 2007. 21:37 IST
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