Reliance Communications merges with Aircel
Reliance Communications board on Wednesday approved a merger with Aircel, making it the largest-ever consolidation deal in India's telecom sector. The Reliance Communications and Aircel joint venture will have a net worth of ₹35,000 crore, with a combined subscriber base of 19 crore. The merger will be reportedly completed in six months with a new name for the merged entity.