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UPDATE 2-RCom, Aircel to merge businesses as India telco consolidation gathers pace

September 15, 2016

MUMBAI, Sept 14- India's Reliance Communications Ltd is to combine its wireless business with smaller rival Aircel to create the nation's third-biggest mobile phone network operator in terms of subscribers, as intensifying competition pushes consolidation in the world's second-biggest market. With more than 1 billion mobile phone subscriptions,...

Source: http://www.cnbc.com/2016/09/14/reuters-america-update-2-rcom-aircel-to-merge-businesses-as-india-telco-consolidation-gathers-pace.html
 
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