Merger Archives - Pinfaves

Blow for Reliance Communications as wireless unit merger with Aircel collapses

October 6, 2017 Loknath DasAircel, As, Blow, Collapses, Communications, for, Merger, Reliance, Unit, Wireless, With

Embattled telecom company Reliance Communications Ltd faced another setback on Sunday after a deal to merge its wireless business with smaller rival Aircel was called off, raising fresh doubts around its debt restructuring plans. The company, widely known as RCom, said it had agreed with Aircel to call off the proposed deal due to regulatory delays and legal uncertainties. RCom has been trying to reduce its debt by 250 billion rupees by merging its wireless business with Aircel and by selling a stake in its mobile masts arm to a unit of…

Idea, Vodafone India Announce Merger, To Be Biggest Telecom Operator In India

March 25, 2017 Loknath DasAnnounce, be, Biggest, idea, In, India, Merger, Operator, Telecom, to, Vodafone

The combined entity of Vodafone India and Idea Cellular will have around 40 crore customers. Idea Cellular and the Indian unit of British telecom company Vodafone today announced a merger, creating the country’s largest telecom operator. The merger of Vodafone India (the second largest telecom operator in India) and Number 3 player Idea Cellular will create India’s largest telecom operator with around 40 crore customers or nearly one in every three customers in the country. The combined entity of Aditya Birla group’s Idea Cellular and Vodafone India will have the…