In the biggest consolidation deal in India’s telecom sector, Reliance Communications and Aircel have announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.
The merger will create India’s fourth largest telecom operator by customer base and revenues. The merged entity will have the second-largest spectrum holding among all operators, aggregating 448 MHz across 850, 900, 1800 and 2100 MHz bands.
The entity will have assets of Rs 65,000 crore (USD 9.7 billion) and net worth of Rs 35,000 crore (USD 5.2 billion).
RCom & Aircel come together to create India’s 4th largest telcom
