RCom will cut ₹42k cr debt by 75% in 1 yr: Anil Ambani
Reliance Communications Chairman Anil Ambani on Tuesday said the company will try cutting its ₹42,650 crore debt by 75% in the next one year. The merger of telecom operators MTS and Aircel with Reliance Communication will help reduce the debt burden by ₹20,000 crore, he added. Reportedly, the merger will make RCom the fourth-largest telecom operator with 18 crore subscribers.