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Rudradeep Biswas

RCom’s tower assets sale, merger with Aircel to take another 6-9 months to close; gets negative outlook from Moody’s

RCom’s tower assets sale, merger with Aircel to take another 6-9 months to close; gets negative outlook from Moody’s

Reliance Communication’s sale telecom tower assets and the merger of its core wireless operations with Aircel Limited (unrated) in a new joint venture are expected to take another 6-9 months to close, according to ratings agency Moody’s. Moody’s Investors Service has also downgraded Reliance Communications Limited’s (RCOM) corporate family rating … Read More

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