RBI Grade B Officers 21 Nov 2015 Paper

(3) Reliance Communications(RCom), on 2 November 2015,entered into an agreement toacquire Russian conglomerateSistema JSFC’s Indiantelecom business. Under theagreement, Sistema ShyamTeleservices Ltd (SSTL), whichprovides telecom services underthe MTS brand, will bemerged with RCom. RCom isIndia’s fourth-largest telecomoperator.