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 and senior secured bond rating to B2 from B1. The agency said that the rating outlook is negative, which primarily... Read More
