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RCom and Aircel agree India’s largest consolidation deal ever

Connectivity BusinessbyConnectivity Business
September 15, 2016
in Investments, Space Services
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Reliance Communications and the owner of smaller rival Aircel, Malaysia’s Maxis Communications, have inked a merger agreement to create the fourth largest operator in India by revenue and number of subscribers (190 million). The 50:50 joint venture, with equal representation on the board and all committees, will create an operator with an asset base of over Rs650bn (US$9.7bn) and net worth […]

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Tags: AircelAsia PacificBharti AirtelMaxis CommunicationsPremiumReliance Communications (RCOM)Reliance Jio InfocommSistema Shyam Telelink (MTS India)TF249Vodafone
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