Reliance and Aircel Merged

Reliance and Aircel Merged

Reliance and Aircel Merged

Anil Ambani's Reliance Communications agreed to merge its wireless telecom business with smaller rival Aircel to create the country's 4th-biggest mobile phone operator with base of more than Rs 65,000 cr.

In the largest consolidation in the country's telecom sector, RCom & Aircel's majority owner, Malaysia's Maxis Communications Berhad (MCB), announced signing of definitive documents for the merger of their Indian wireless businesses.

RCom and Aircel will hold 50 per cent share each in the new company. The board of the new company will have equal representation from the two sides.

At the same time Mukesh Ambani JIO got huge response from peoples. Very soon JIO will join the biggest mobile phone operators list.

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