RCom, Aircel announce merger; create fourth largest telco in India

RCom, Aircel announce merger; create fourth largest telco in India

​Reliance Communications and Aircel will hold 50% stake each in the new combined entity, which will be listed later. Both companies will also transfer debt of Rs 14,000 crore each. As for the net worth of the new company, it’ll be around Rs 35,000 crore.​