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Moody's places RCom's Ba3 rating under review for downgrade

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.”

RCom to transfer its wireless business Reliance Telecom to Aircel

Indian equity markets open flat, Sensex up 18 points

"We expect this combination to create substantial long term value for shareholders of both, RCOM and MCB, given the benefits of the wide-ranging spectrum portfolio and significant revenue and cost synergies," Reliance Communication`s chairman Ambani said in a statement. 
&nbsp;

Aircel Merger: Reliance Communications shares in red after a positive opening

Anil D. Ambani, Chairman, Reliance Group, said "Together with our partners, MCB,&nbsp;we are delighted to have taken the lead in consolidation of the Indian telecom sector,&nbsp;first, with RCOM’s acquisition of the wireless business of SSTL (Sistema / MTS), and&nbsp;now, with the combination of our business with Aircel Ltd. in a 50:50 Joint Venture with&nbsp;MCB.”

RCom, Aircel will merge to create India's fourth largest telecom company

It will be largest ever spectrum auction in which the Government of India plans to sell a record of&nbsp;2,354 MHz of mobile airwaves across seven bands at the upcoming auctions.&nbsp;

Telecom operators submit their application for mega spectrum auction

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In April this year, Airtel decided to buy&nbsp;Aircel Cellular's&nbsp;20 MHz 2300 Band BWA spectrum in eight circles. &nbsp;

Bharti Airtel one step closer in 4G Spectrum deal with Aircel; shares flat  

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The notices sent are for one circle and DoT is expected to send notices for all circles within two months, the source added.

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Along with Airtel, Aircel and RCom are in talks to merge their mobile business into a combined entity taking 19.3% of total spectrum allocated to the industry.&nbsp;

Telecom Ministry clear Rs 3500 crore Airtel-Aircel 4G spectrum deal

It said however that any transaction will be subject to regulatory, shareholders' and other third party approvals.

RCom expect to announce merger with Aircel soon

Trai has found RLT level of 40 units being used by most of the telecom operators.

This is how telecom companies are cheating call drop tests

On March 22, both the companies again extended the discussion period by another 60 days.&nbsp;

Reliance Communications, Aircel merger talks extended again by 30 days

Auction of 700Mhz spectrum is presumable

aircel

Debt-laden Aircel has again come to news after Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities committed by the firm. The two other group entities -- Aircel Cellular and Dishnet Wireless are also under the SFIO lens.
 

More trouble for debt-laden Aircel; company under SFIO scanner

IDBI Bank gave ex Aircel promoter C Sivasankaran another loan to recover an earlier one

American Tower Corporation (ATC) has revealed a big hit to its books due to its tenant mobile operator Aircel, which has filed for bankruptcy protection. The NYSE-listed firm, after performing an impairment test, has reduced the value of assets listed on its books by as much as $140 million (Rs 933 crore) due to Aircel.

Aircel files for bankruptcy, American Tower suffers $140 mn hit 

Aircel has been instructed to prepare a list of all prepaid subscribers ported out between December 1, 2017 and March 10, 2018 with details of the unspent balance against each account and the status of transfer of the amount. 

Big relief, Aircel subscribers set to get their money back

On February 28, Aircel Ltd, along with Aircel Cellular Ltd and Dishnet Wireless Ltd had filed for bankruptcy at the NCLT, citing high unsustainable debt, price wars, and legal and regulatory challenges.
 

Aircel bankruptcy: At NCLT door, telco fails to pay 6000 employees over a whopping unpaid debt

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Telcos deposit Earnest Money for spectrum auction, RJio leads with Rs 6,500 crore

Moody's places RCom's Ba3 rating under review for downgrade

RCom to transfer its wireless business Reliance Telecom to Aircel

Indian equity markets open flat, Sensex up 18 points

Aircel Merger: Reliance Communications shares in red after a positive opening

RCom, Aircel will merge to create India's fourth largest telecom company

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