Why RCom shares did not react to Rs 12,000 cr deal with Reliance Jio

Lack of surprise: Markets have a tendency to buy on rumour and sell on news. Traders expected a bigger deal between RIL and RCom ever since the two companies signed a Rs 1,200 crore fibre optic network sharing deal in April this year. A tower-sharing deal between RIL and RCom appears more likely than before, Bank of America Merrill Lynch had said in a note post the April deal. (Read: RIL- RCom deal: How it impacts the telecom sp...