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Russia’s Sistema Held Talks With RCom Over JV, No Sale Planned

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Russian billionaire Vladimir Yevtushenkov, owner of conglomerate group Sistema , said on Friday that he has held talks with tycoon Anil Ambani’s Reliance Communications about a joint venture in India.

But Yevtushenkov said he had no plans to sell his Indian telecoms unit, Sistema Shyam Teleservices.

“We’ve been talking to different people regarding business expansion,” he told Reuters, in response to a query on an earlier media report. Click here for full post.

Wahengbam Rorrkychand

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