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RCom's lifeline deal with Aircel called off

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Reliance Communications Aircel Deal

Surajeet Das Gupta & Dev Chatterjee  |  New Delhi/Mumbai 



Deal

Reliance Communications (RCom) has called off its merger with Aircel, owned by Maxis of Malaysia, following legal and regulatory hurdles, putting a question mark on the company’s promise to its lenders to reduce its debt burden of Rs 45,733 crore by the end of December.

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First Published: Mon, October 02 2017. 02:45 IST

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