RCom to transfer its wireless business Reliance Telecom to Aircel
It said in a statement,”The demerger and vesting of the wireless business undertaking of Rcom and RTL to Aircel and DWL will provide in opportunity to strenghten their telecom folder in terms of shareholder, equity and customer base.”
Turnover of the wireless business undertaking of RTL as on March 2016, stood around Rs 10,605 crore, which is around 48% of the total turnover of Rcom. Photo: Official Website