Aircel to Explore Merger Talks With Airtel; May Launch 4G Services: Report
Debt-ridden GSM telco Aircel has initiated talks with lenders and shareholders to overcome the ongoing crisis with cash for operations that will run out by March. According to a Business Line report, Aircel is exploring a potential merger with Bharti Airtel along with an option to launch 4G services in India through spectrum-sharing partnerships. Last week, Bharti Airtel chairman Sunil Mital told the Economic Times that his company was open... Read More