J. Sagar Associates (JSA) is advising Sistema Shyam Teleservices Limited (SSTL) and its majority shareholder Sistema JSFC, a leading Russian conglomerate (Sistema) in connection with the demerger of SSTL’s telecom wireless business operated under MTS brand to Reliance Communications Limited (RCOM) in exchange for 10% of the issued and paid up capital of RCOM. The Parties entered into definitive agreements in this regard on November 2, 2015. This deal is the first major consolidation in the Telecom sector since 2009, and is the first announced merger deal after the Department of Telecommunications came out with its merger guidelines in February 2014.

The core JSA Team comprises of Partners – Rohitashwa Prasad & Akshay Nagpal, Senior Associate – Nidhi Sahay; and Associate – Akanksha Mahapatra. Partners – Amar Gupta, Mansoor Ali Shoket, Amitabh Kumar, Divyanshu Pandey, Vibha Dhawan & Arpita Garg; Head of Telecom Practice – S.P. Purwar; Senior Associates – Divyam Agarwal, Vaibhav Chouksey & Gautam Shahi; and Associates – Radhika Gupta, Nikhil Bahl & Rityunjay Gupta are advising on certain specific aspects of the transaction e.g. the merger scheme sanctioning process, telecom regulatory advisory, competition law issues, and banking & finance matters. Chairman & Founder – Jyoti Sagar provided strategic inputs from time to time.