RCom-Aircel to own 50% each in new wireless entity, to become third largest telco: Report
Reliance Communications and Aircel will combine their respective wireless business and will hold 50% each, a change from an initial merger plan to create a new listed company to run their combined wireless businesses. RCom and Aircel had started a 90-day period of exclusive merger talks on December 22. An Economic Times report said that the deal is expected we expect to close the deal by September 30, and the... Read More
