Business

Anil Ambani: RCom-Aircel merged entity to be called Aircom

02 Jun 2017 | By Shikha Chaudhry

In his media briefing today, Anil Ambani announced that the merged entity of RCom and Aircel has been named Aircom. RCom will hold 50% stake in the newly formed company.

He also talked about the Brookfield acquisition and told that both the acquisitions will help RCom to reduce debt by Rs. 25,000 crore.

Reliance Communications has time till December'17 to complete both the acquisitions.

In context: RCom: Merging the competition

2002Fourth largest telecom operator in India

Owned by Anil Ambani, Reliance Communications Ltd. (RCom) was started in 2002 as a telecommunication and internet access company headquartered in Navi Mumbai.

It provides CDMA, GSM mobile services, fixed line broadband and in certain areas DTH services too.

It is a subsidiary of Reliance Anil Dhirubhai Ambani Group and the 4th largest telecom operator in India with as many as 109.90 million subscribers.

21 Oct 2015Aircel, RCom and Sistema talk about a 3-way merger

Reliance Communications, Aircel and Sistema (MTS) began the initial talks for a three-pronged merger that may result in the formation of India's 3rd largest telco.

The deal comes as a measure for these companies to reduce debt.

Sources claimed that RCom and Aircel were traversing sharing and trading deals for the circles as RCom didn't get 900 MHz airwaves in the recent auctions.

150 million customers at the end of 3-way merger

If the three-way merger between Aircel-RCom and Sistema follows through, then the combined entity will have over 150 million customers in India.
RCom merges with SSTL in all stock deal

1 Nov 2015RCom merges with SSTL in all stock deal

Reliance Communications announced that it was merging its telecom business with that of Sistema Shyam Teleservices (SSTL).

The cashless deal will be worth around Rs.4,500-5,000 and will be the "first major consolidation in the intensely competitive sector since 2009."

SSTL will receive around 10% stake in the merged entity, but will not have a board seat or any veto powers.

21 Dec 2015Reliance Communications biggest worry: Debt!

In order to monetize its surplus real estate and channel it towards debt reduction, Reliance Communications sold nearly 150 residential flats at its Sea Woods complex in Navi Mumbai for about Rs.330 crore.

RCom will also sell 4 acres of property in Delhi.

Together the transaction amounts to Rs. 30,000 crore, which will be used to reduce RCom's debt of about Rs. 40,000 crore.

14 Sep 2016Reliance Communications merges with Aircel

RCom and Aircel just announced their merger in the largest ever consolidation deal in Indian telecom sector.

The merger will result in a subscriber base of 190 million.

Reports indicate that the merged entity's net worth will be Rs.35,000 crore with cumulative debt of Rs.28,000 crore which both companies will contribute to equally.

They will each hold 50 percent stake in the new entity.

21 Mar 2017CCI approves de-merger of wireless division, says RCom

Reliance Communications has said the Competition Commission of India has approved the de-merger of its wireless division into Aircel Ltd and Dishnet Wireless Ltd.

The two companies had merged last September, with combined-assets worth Rs. 65,000cr.

Reliance and Aircel shareholders will now hold 50% each in Aircel Ltd.

The move will also bring down RCom's debts by Rs. 20,000cr, and Aircel's by Rs. 4,000cr.

02 Jun 2017Anil Ambani: RCom-Aircel merged entity to be called Aircom