Reliance Communications to buy Sistema's India wireless business

Reuters | Nov 2, 2015, 12.08 PM IST

Sistem
a (SSTL) will get a 10 per cent equity stake in RCom.
MUMBAI: India's fourth-largest telecom operator Reliance Communications Ltd said on
Monday it would buy Russian conglomerate Sistema's Indian wireless business, in the
first major move to consolidate a highly competitive telecoms industry.

RCom will acquire about 9 million customers and 15 billion rupees ($229.17 million) in
annual revenues through the deal, the company said.

Sistema's Indian telecoms business, Sistema Shyam Teleservices, is one of the

market's smallest players with nearly 10 million customers and less than a 1 percent
market share.

Sistema (SSTL) will get a 10 per cent equity stake in RCom. RCom will pay the
instalments for SSTL's spectrum after the deal, roughly 3.9 billion rupees per year for
the next 10 years, the company said. ($1 = 65.4550 Indian rupees)

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Chairman's Profile
Anil Dhirubhai Ambani
Chairman - Reliance Group
Personal :

Anil Dhirubhai Ambani, born on 4th June, 1959, in Mumbai.

He is the younger son of the visionary entrepreneur Shri Dhirubhai Ambani and lives
with his mother Kokilaben Dhirubhai Ambani in Mumbai.
Graduated (B.Sc. in Science) from K.C. College, Mumbai University and MBA at
Wharton, University of Pennsylvania.
He is married to former actress - Tina Munim and has two sons - Jai Anmol (23 Years)
and
Jai Anshul (19 Years).
He has an elder brother Mr. Mukesh Ambani and two younger sisters Mrs. Dipti
Salgaocar and
Mrs. Nina Kothari.
Corporate :
Anil Dhirubhai Ambani is one of India's leading business leaders and founder of the
Reliance Group; whose constituent business enterprises are engaged in pivotal roles in
the ongoing economic transformation of India.
He is the Chairman of the Reliance Group; including, Reliance Communications,
Reliance Capital, Reliance Infrastructure, and Reliance Power.
Anil or ADA, as he is often referred to by his colleagues, founded the Reliance Group in
2006 and in less than 10 years, the Reliance Group has built a leadership position in
major growth sectors of the Indian economy, including telecommunications, generation,
transmission and distribution of renewable and non-renewable sources of power,
national road highways, metro rail systems, cement, financial services, education,
healthcare, media and entertainment.
Key Indicators of Reliance Group :

Reliance Group is amongst India's top 5 business houses and has the world's largest
Shareholder/Investor base of over 13 million shareholders and investors. Reliance
Group has assets in excess of Rs. 2,60,000 Crore (US $ 43 billion); annual Revenues of
the order of Rs. 56,000 Crore (US $ 9 billion); Net Worth of over Rs. 98,000 Crore (US $
16 billion); and over 1,00,000 employees.
Business Partnerships :

Reliance Life Insurance is in partnership with Nippon Life Insurance of Japan

Reliance Asset Management is in partnership with Nippon Life Insurance of
Japan.
Sumitomo Mitsui Trust Bank (SMTB) is now one of the largest shareholders of
Reliance Capital Limited, through a strategic partnership.
Veolia Transport of France is in partnership with Mumbai Metro One Pvt. Ltd.
(MMOPL) - part of Reliance Infrastructure Limited.
Partnership with Steven Spielberg and DreamWorks Studios, USA, which has
produced highly acclaimed - Oscar winning/Oscar nominated movies, such as
Lincoln, War Horse, and The Help.
Partnership with Bloomberg TV for one of India's most influential business TV
channels.
Beyond Reliance :

Member of Wharton Board of Overseers, The Wharton School, USA.

Member of the President's Global Council, New York University, USA.
Member of the Advisory Board of Warwick Business School (WBS), UK.
One of the Founders of Indian School of Business (ISB), Hyderabad. ISB has
established formal partnerships with international business schools - Wharton
and Kellogg.
Appointed by Prime Minister as Co-Chair of the India-China CEO Forum.
Appointed by Prime Minister as Member of the US-India CEO Forum.
Was elected in 2004 for a six-year term as an independent member of the
Rajya Sabha, the Upper House of India's Parliament.
Beyond Business :

Established Kokilaben Dhirubhai Ambani Hospital (KDAH) - state of the art 750
bed multi-speciality hospital in Mumbai.
Dhirubhai Ambani Institute of Information and Communication Technology (DAIICT) in Gandhinagar, Gujarat - one of the foremost educational institutions.
Mudra Institute of Communications (MICA), Ahmedabad - India's Premier
Management School for Strategic Marketing and Communication.
Harmony Art Foundation - Organises Harmony Art, India's largest annual
private contemporary art show.

Harmony for Silvers Foundation is a non-government organization working to

enhance the quality of life of the elderly in India.
Ms. Tina Anil Ambani is the Chairperson, for all Corporate Social Responsibility
(CSR) programmes of the Group.
Passions :

Anil is a long distance marathon runner and has been running for nearly 15
years. He has successfully participated in over 50 half and full marathons.
He is a nature and wildlife conservationist and deeply spiritual.
Recognitions and Honours :

Consistently featured every year as of one India's "Most Powerful and

Influential Person" in the annual power list of India Today Magazine.
Also feature in list of India's 50 Most Powerful People by the US-based
Business Week magazine.
4th amongst the list of India's Top 100 CEOs by The Economic Times.
Included in UK-based Financial Times' selection of 50 Most Notable Business
Leaders from Emerging Markets.
Conferred the 'CEO of the Year' by Platts Global Energy.
Selected by Asiaweek magazine for its list of 'Leaders of the Millennium in
Business and Finance' and was introduced as the only 'new hero' in Business
and Finance from India.
Awarded the First Wharton Indian Alumni Award by the Wharton India
Economic Forum (WIEF)
Rated as one of "India's Most Admired CEO's" by Business Barons
Conferred "The Entrepreneur of the Decade Award" by the Bombay
Management Association.