Current Affairs
Hindi
Share

RCom-Aircel Merger to Create a Dominant Force


Anil Ambani-led Reliance Communications and Maxis Communications Berhad (MCB), promoters of Aircel, on 14 September 2016 agreed to merge their wireless businesses to form the fourth-largest telecom operator in the country.
The merger is termed as the biggest consolidation deal in India's telecom sector.
•    Sistema will continue to hold 10 per cent in standalone R-Com.
•    Both R-Com and Maxis will hold 50 per cent each in the new entity.
•    The merged company will be one of India’s largest private sector companies. It will have an asset base of over 65000 crore rupees and net worth of 35000 crore rupees.
•    The company will be managed by an independent professional team under the supervision of the board.
•    After completion of the merger in 2017, RCom’s overall debt will reduce by 20000 crore rupees or over 40 per cent of its debt.
•    Aircel’s debt will reduce by 4000 crore rupees.
•    It will enjoy enhanced business continuity through extended validity of spectrum holdings till 2033-35.

Read More
Read Less
SSC CGL TIER 1


ABOUT US

We at TopRankers aim to provide most comprehensive content & test for practice which is carefully divided into various chapters and topics to help you focus on your weak areas.Our Practice mock test gives you unmatched analytics to help you realize your strong areas,time management and improvement areas.Our Short & Crisp notes on each topic will help you to quickly revise the topic along with the tips & tricks of the exams.
More About

GET EXAM ALERTS


TopRankers-logo
TopRankers-Info info@toprankers.com
TopRankers-Contact+91-9738074873 / 080-66560486