Reliance Communications (RCOM) and Maxis Communications
Berhad (MCB), promoters of Aircel signed agreements in September 2016 for the merger of RCOM’s mobile businesses with Aircel. Now both the companies have called off the merger. This comes after the merger got approvals from several bodies such as CCI, SEBI, BSE and NSE earlier this year. Continue reading “Reliance Communications, Aircel merger called off”
Update March 20: Reliance Communications (RCOM) today announced that it has received an approval of the Competition Commission of India (CCI) for the proposed merger with Aircel.
Earlier: Back in September last year Reliance Communications (RCOM) and Maxis Communications Berhad (MCB), promoters of Aircel announced that they have signing an agreement for the merger of their Indian wireless businesses. Continue reading “RCom-Aircel merger gets Stock Exchange and SEBI approvals”
