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RCOM AIRCEL MERGER
NCLT approves withdrawal of RCom, Aircel merger dealThe order also approved withdrawal of demerger of tower business of Reliance Infratel to Towercom Infrastructure, the filing said.
Tech Mahindra files petitions against Reliance Communications, subsidiaries over duesReliance Communications, which is reeling under a debt burden of about Rs 46,000 crore, recently called off merger talks with Aircel, citin...
Reliance Communications withdraws tower demerger scheme from NCLTIn a statement Wednesday, the Anil Ambani-owned telco said it will file a fresh scheme of demerger of the towers of Reliance Infratel befor...
High debt to limit Reliance Communications' ability to renew spectrum: CLSA"High leverage will limit RCom's ability to buyback spectrum in auctions in 2021. This could drive a sharp drop in its 2G revenue coverage ...
Modi government wakes up to the sad plight of telcos, may shortly allow strugglers a smooth exitA day after RCom called off merger with Aircel citing regulatory uncertainties, government is mulling revising M&A rules for the telecom se...
Aircel likely to go for debt restructuringA strategic debt restructuring program (SDR) is the only option left for the Malaysia’s Maxis-owned telco that cannot adopt the bankruptcy ...
Aircel likely to file for bankruptcy; RCom shares take a diveFollowing the report, shares of several lenders to Aircel also came under pressure.
NCLT approves Reliance Communications-Aircel merger, Brookfield dealThe NCLT also allowed Reliance Communications (RCOM) tower arm 51 per cent stake sale to Brookfield for Rs 11,000 crore.
NCLT to decide on RCom-Aircel merger on August 14The merger could set the ball rolling for a sale of RCom’s stake in its tower unit to Canada’s Brookfield. Together, the deals could reduce...
Reliance Communications board to meet on Aug 12 to review merger with AircelThe $6-billion merger of debt-ridden telecom operators RCom and Aircel has already received approvals from the Securities and Exchange Boar...
Bharti Infratel, Indus object to RCom-Aircel mergerBoth Bharti Infratel and Indus Towers on Thursday said they needed clarity on how their dues will be paid off by RCom if the merger goes th...
Reliance Communications-Aircel merger: NCLT to take call on admitting case todayDoT told the tribunal that it would be appropriate for Aircel & RCom to take permission from SC since the issue with regard to 2G spectrum ...
RCom, Aircel merger deal on sticky groundSC had earlier this year threatened to cancel Aircel’s licences if the top executives of its Malaysian parent, Maxis Berhad, continued to e...
'Running against time' to close Aircel deal: Reliance Communications to NCLTRepresenting the company, senior counsel told tribunal at a hearing that RCom is also in talks to address major lender China Development Ba...
Reliance Communications to finalise 3 deals, including merger with Aircel, by mid-2017The Anil Ambani-led telecom company agreed to sell a 51% stake in Reliance Infratel, the company’s tower unit, to Canada’s Brookfield Group...
Consolidation need of the hour in telecom industry: ICRA"The RCom-Aircel merger will extend the consolidation drive, and competitive intensity will remain high," Harsh Jagnani, VP (Corporate Rati...
Post Aircel merger, Reliance Communications says focus now on tower dealGurdeep Singh, chief executive-consumer business at RCom, didn’t talk about specifics related to tower deal, but said the company was focus...
RCom-Aircel merger expected in first week of September: ReportRCom and Aircel talks, if successful, would lead to formation of third largest telecom operator in the country with subscriber base of over...
RCom, Aircel, SSTL merger may create strong number 4 after Airtel, Vodafone, IdeaAs per CLSA, market leader Bharti Airtel had a 31 per cent revenue share at the end of September, No. 2 Vodafone was at 23 per cent and Ide...
Reliance Communications, Aircel and Sistema begin talks for three-way mergerThe first phase of the broader deal could see MTS merge into RCom through a share-swap arrangement, talks for which are at an advanced stage