Telenor explores share swap with Aircel, Reliance - report

Tuesday 31 January 2017 | 13:59 CET | News
Telenor has approached Aircel and Reliance Communication to explore a merger via a share swap, according to an article on the website of the Economic Times of India, citing three executives familiar with the matter. Telenor would own 10 percent of a three-way alliance, it said. Telenor would combine its business, customer base and spectrum with a merged Aircel-RCom, leaving Aircel's owner Maxis Communication and RCom with 45 percent each. Telenor and RCom spokespeople declined to give the Economic Times any comment, and mails to Aircel went unanswered till the time of going to press, the

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Categories: Mobile & Wireless
Companies: Aircel / Airtel / Bharti Airtel / Maxis / RCom / Telenor
Countries: India
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