Aircel deal ‘very shortly’: Reliance Communications

Aircel deal ‘very shortly’: Reliance Communications
A logo of Reliance Communications put up on a company outlet in Mumbai, India, on Sunday, March 25, 2007. Photograph: Abhijit Bhatlekar/Bloomberg News

Mumbai: Reliance Communications on Thursday said its proposed deal for the merger with another telecom operator Aircel will be announced soon.

The talks in this regard, according to the company, are being held between Maxis Communications Berhad and Sindya Securities and Investments Private, the shareholders of Aircel.

The company said it expected to “sign a binding, definitive documentation and announce the proposed transaction for the combination of the Indian wireless business of Reliance Communications and Aircel very shortly”.