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RCom's acquisition deal with Sistema gets nod from Indian court

secured the approval of India'sRajasthan High Court for its acquisitionof Russian holding company Sistema JSFC's Indian wireless business Sistema ShyamTeleservices Ltd., the Press Trust of India reported Sept. 30.

Thetransaction is valued at approximately $690 million. SSTL, which operates inIndia under the MTS brand, will hold a stake of around 10% in 's RCom as part of the deal, the report said.