Rcom aircel merger

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Rcom aircel merger

Chakri K October 1st, 2017 8:05 PM 101 COMMENTS

RCom Aiming to Adopt a 4G-Focused Mobile Strategy, Calls Off Merger With Aircel

Reliance Communications (RCom) led by Anil Ambani today revealed the company's future plans. The Board of Directors of Reliance Communications Limited (RCom) had a meeting in Mumbai earlier today and reviewed the ongoing strategic transformation programme and even considered alternate plans for debt reduction. Here are the announcements made by RCom today. Mobile Business The board of directors decided that RCom will evaluate an alternate plan for its mobile business,... Read More

Chakri K August 15th, 2017 12:05 PM 7 COMMENTS

NCLT Gives a Go Ahead for the Proposed RCom-Aircel Merger

As promised, the National Company Law Tribunal (NCLT), on Monday approved the proposed merger of RCom and Aircel's wireless business. The regulator even approved the Reliance Communications sale of its tower business to Brookfield for Rs. 11,000 crore. Right after NCLT approving the merger, RCom' shares increased by 19% and ended 16.1% higher on Monday at Rs. 24 per share on Bombay Stock Exchange. Recently, it was reported that Aircel... Read More

Chakri K August 11th, 2017 5:59 PM 3 COMMENTS

Aircel Working on an Alternative Business Model if the Proposed Merger With RCom Does Not Get Required Approvals on Time: Report

It is already a known fact that Aircel and Reliance Communications (RCom) are gearing up to form a merged entity in the country. However, a new report now claims that Aircel is considering an independent restructuring of its Rs 20,000-cr debt as one of the options for continuing operations on its own if it does not receive necessary nods from the regulators. A report from Economic Times says that the... Read More

Srikapardhi June 3rd, 2017 1:54 PM 75 COMMENTS

RCom-Aircel Wireless Entity to be Called AirCom

Reliance Communications on Friday revealed that the new RCom-Aircel merged wireless entity will be called AirCom upon the completion of the proposed transaction, which, along with tower deal with Brookfield will help Anil Ambani-led telco to reduce debt to Rs 20,000 crore from Rs 45,000 crore. Aircom will be a key tenant of Reliance Infratel, Anil Ambani, the chairman of Reliance Communications, told media. Ambani said that the company might... Read More

Chakri K April 24th, 2017 3:29 PM 15 COMMENTS

RCom and Promoters of Aircel to Hold 50% Each in ‘Mergedco’ With Equal Representation on Board and Committees

Reliance Communications (RCom) has received a nod from its shareholders for a merger with Aircel. At their meeting convened under the order of National Company Law Tribunal (NCLT), shareholders today approved with 99.99 percent majority for the Scheme of Arrangement for demerger of the wireless division of the company and Reliance Telecom Limited (RTL) into Aircel and Dishnet Wireless Limited. Shareholders of RCom also approved the Scheme at their meeting... Read More

Chakri K March 23rd, 2017 11:50 AM 3 COMMENTS

RCom gets CCI approval for sale of towers to Brookfield

Reliance Communications on Thursday said that it has received approval from the Competition Commission of India (CCI) for the sale of the Tower Division of Reliance Infratel Limited to Brookfield Infrastructure Group. The sale will be carried out pursuant to a demerger of the Tower Division to Towercom Infrastructure Private Limited (Towerco), which will be the second largest independent and operator-neutral towers company in India after Indus Towers. Upon the... Read More

Imon September 20th, 2016 11:32 AM 50 COMMENTS

Rcom-Aircel merger and its impact on the Indian telecom sector- Analysis

After several attempts to merge wireless operations, Aircel and RCom finally led the consolidation in telecom space to create a Rs 65,000 crore telecom behemoth, no doubt fierce competition because of Jio's entry was a key factor in uniting these two companies. Though, RCom already sealed another deal with pure play CDMA operator MTS which is yet to receive regulatory approvals is the another part of the biggest consolidation. As,... Read More

Rudradeep Biswas September 17th, 2016 1:10 PM 64 COMMENTS

RCom-Aircel merged entity to give strong competition to Vodafone, Idea Cellular

The merged RCom-Aircel entity will give strong competition to its rival private telecom operators like Vodafone India and Idea Cellular in the backdrop of the disruption caused by the launch of operations by Reliance Jio Infocomm, India Ratings and Research (Ind-Ra) said. “The merged entity will offer strong competition to both Vodafone India Limited (Vodafone) and Idea which are weaker placed, as far as 4G operations are concerned,” the agency... Read More

Rudradeep Biswas September 14th, 2016 7:09 PM 29 COMMENTS

RCom, Aircel promoters ink 50:50 merger deal

Anil Ambani led Reliance Communications (RCom) and promoters of Aircel, Maxis Communications Berhad (MCB), have inked a definitive deal for the merger of their Indian wireless businesses. The merger will be the largest-ever consolidation in the Indian telecom sector. The combined entity will create a strong operator clearly ranked amongst India’s top 4 telcos by customer base and revenues, also ranking amongst the top 3 operators by revenues in 12... Read More

Esmail July 23rd, 2016 1:37 PM 6 COMMENTS

RCom-Aircel wireless merger deal likely to conclude by next week: Report

CNBC-TV18 on Thursday reported that RCom is likely to conclude the merger deal next week with the founders of Aircel, for combining the wireless businesses of both the telecom companies. Both RCom and Aircel will together infuse Rs 5,000 crore of equity funding in the merged entity. With a net worth of around Rs 50,000 crore, both RCom and Aircel are likely to transfer Rs 14,000 crore debt to the merged... Read More

Srikapardhi June 23rd, 2016 4:48 PM 8 COMMENTS

RCom to shortly ink binding merger deal with Aircel founders

Reliance Communications said that it expects to shortly sign a binding merger deal with the founders of Aircel, for combining the wireless businesses of both the telecom companies. “RCOM and Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private Limited (Sindya), the shareholders of Aircel Limited expect to sign binding definitive documentation and announce the proposed Transaction for the combination of the Indian wireless business of RCOM and Aircel very... Read More

Rudradeep Biswas May 21st, 2016 6:15 PM 46 COMMENTS

RCom-Aircel merger talks get 30 days extension

Anil Ambani-owned Reliance Communications, in an official statement, said that it is further extending merger talks with Aircel promoters by further 30 days to June 22 following substantial progress in their discussions. The talks originally started on December 22 for a 90-day period since December 22, but got extended to May 22. RCom is currently in talks with Maxis Communications Berhad (MCB) and Sindya Securities and Investments Private Limited (Sindya), the... Read More