Reliance Communications in wireless merger talks with Aircel
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
BILLIONAIRE Anil Ambani's Reliance Communications Ltd is in talks to merge with smaller wireless carrier Aircel Ltd in the latest sign that deal-making in India's telecommunications industry is heating up.
Reliance is considering the "potential combination" of its wireless operations with those of Aircel, it said in an exchange filing. Though it did not provide financial details, the company has 90 days to have exclusive talks with Aircel owners - Malaysia's Maxis Communications Bhd and Sindya Securities & Investments Pvt.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
