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RCom in talks to combine mobile business with Aircel

2015-12-23 12:39:00| Telecompaper Headlines

(Telecompaper) Reliance Communications (RCom) has announced that it has entered a 90-day exclusivity period with Maxis Communications and Sindya Securities and Investments, the shareholders of mobile operator Aircel, to consider the potential combination of the Indian mobile business of RCom and Aircel. The companies plan to mutually derive benefits of incountry consolidation, including opex and capex synergies and revenue enhancement. The potential combination will exclude RCom's towers and optical fibre infrastructure, for which RCom is proceeding with an asset sale.

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Category:Telecommunications

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