Russia's Sistema exits Anil Ambani's RCom, sells its 10% stake
Russian conglomerate Sistema has fully sold its 10% stake over the past few months in Anil Ambani-led Reliance Communications (RCom). Sistema had sold its Indian mobile telephony business, Sistema Shyam Teleservices, to RCom in return for a 10% stake in October 2017. RCom has since shut its consumer wireless business amid intense competition, and currently operates only an enterprise business.