RCom extends exclusivity period for merger talks

Reliance Communications announced on Saturday that the three parties - RCom, Maxis Communications Berhad and Sindya Securities and Investments have agreed to extend the exclusivity period for merger talks by 30 days to days to June 22.

Maxis Communications and Sindya Securities are shareholders of Aircel. The potential combination of the Indian wireless business of RCom and Aircel is aimed at mutually deriving the expected substantial benefits of in-country consolidation, including opex and capex synergies and revenue enhancement.