With the economy in India struggling, an uncertain policy scenario leading up to the next elections, and a mergers and acquisitions (M&A) policy for telecom in India in the works, there's a report of a complicated three-way merger between Tata Teleservices, Aircel and Sistema, according to the Economic Times. Docomo currently holds 26% stake in Tata Docomo, while Maxis has been looking to sell its Aircel stake. Sindya Securities and Investments Pvt Ltd, promoted by Suneeta Reddy and P. Dwarakanath Reddy, of the Chennai based Apollo Group hold 26% in Aircel. Russian conglomerate Sistema holds a 73.71% stake in Shyam Sistema in partnership with Shyam Telelink. Apart from the fact that the only fun name for this combination would be AirSisTa (which is not half as funny as Batata, which the Birla-TATA- AT&T combination that became Idea Cellular was called),…
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