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RCom-Aircel merger may conclude next week

Connectivity BusinessbyConnectivity Business
July 22, 2016
in Investments, Space Services
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Merger talks between Indian telco Reliance Communications and the owners of smaller rival Aircel, Malaysia’s Maxis Communications and local partner Sindya Securities and Investments, are reportedly set to conclude by next week. Sources familiar with the matter said that the 50-50 joint venture partners will “infuse” Rs500bn (US$7.5bn) of equity funding into the merged entity. Merger talks between Indian telco Reliance Communications (NSE:RCOM) and the owners of […]

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Tags: AircelAsia PacificBharti AirtelBrookfield Asset ManagementMaxis CommunicationsPremiumReliance Communications (RCOM)Sindya Securities and InvestmentsTF248Tillman Global Holdings
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