Sistema highest bidder for RCOM assets

26 Mar 2018

Russia’s Sistema is currently the highest bidder for the remainder of Reliance Communications’ (RCOM’s) assets, including its international submarine cable network, as well as enterprise business and data centres in India, the Economic Times writes, citing three people familiar with the development. Sistema’s bid reportedly stands at around USD1.5 billion – an offer of USD1.2 billion plus around USD300 million that RCOM owes to Sistema, relating to the former’s takeover of Sistema’s Indian mobile operations last year.