Thursday, 14 December 2017

Regulatory red tape derails RCom/Aircel merger

By Mary Lennighan, Total Telecom
Monday 02 October 17

Telcos call off tie-up due to 'inordinate delays' in approvals process; RCom outlines further plans for debt reduction

Reliance Communications and Aircel have called off their merger plan having failed to secure the required approvals for the deal in a reasonable timeframe. "Legal and regulatory uncertainties, and various interventions by vested interests, have caused inordinate delays in receipt of relevant approvals for the proposed transaction," RCom said, in a statement. &quot…

Reliance Communications and Aircel have called off their merger plan having failed to secure the required approvals for the deal in a reasonable timeframe. "Legal and regulatory uncertainties, and various interventions by vested interests, have caused inordinate delays in receipt of relevant approvals for the proposed transaction," RCom said, in a statement. &quot…

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