RCom in talks to combine mobile business with Aircel

News Wireless India 23 DEC 2015
RCom in talks to combine mobile business with Aircel
Reliance Communications (RCom) announced that it has entered a 90-day exclusivity period with Maxis Communications and Sindya Securities and Investments, the shareholders of mobile operator Aircel, to consider the potential combination of the Indian mobile business of RCom and Aircel. 

The companies said they plan to mutually derive benefits of in-country consolidation, including opex and capex synergies and revenue enhancement. The potential combination will exclude RCom's towers and optical fibre infrastructure, for which RCom is proceeding with an asset sale. 

The announcement sees RCom taking the lead on consolidation in the Indian market, as it seeks to catch up with market leaders Airtel and Vodafone. Earlier this year RCom already agreed to take over MTS India, the mobile operator controlled by Russian conglomerate Sistema. 

Categories:

Mobile

Companies:

Aircel,  Maxis Communications,  Reliance Communications,  RCom

Countries:

India

Tags:

Wholesale, M&A buyouts & divestments

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