RCom, Aircel in Talks to Merge India Wireless Business

Billionaire Anil Ambani-controlled Reliance Communications (RCom) on Tuesday said that it has entered into merger talks with Aircel's domestic wireless business. Aircel is India's fifth largest mobile carrier with pan-India operations. The discussions, which are "non-binding" in nature, will exclude RCom's towers and optical fibre infrastructure, the company said. Market expert Sudip Bandyopadhyay told NDTV Profit that a potential ...