Reliance Communications calls off its merger with Aircel | Mijaaj News
Автор: Mijaaj News
Загружено: 2017-10-02
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Reliance Communications calls off its merger with Aircel | Mijaaj News
Reliance communications has called off plans to merge its wireless business with rival Aircel, citing legal and regulatory uncertainties as well as intervention of vested interests to derail the deal.
While the merger would have enabled the company to reduce its debt through the strategic debt restructuring mechanism initiated by lenders, RCom said its board has considered alternate debt reduction plans including optimisation of its spectrum portfolio.
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