Reliance Communications (RCOM) has extended the exclusivity period with Maxis Communications Berhad (MCB) and Sindya Securities and Investments, the shareholders of Aircel, based on the good progress made so far, by 60 days to May 22, 2016, to consider the potential combination of the Indian wireless business of RCOM and Aircel and mutually derive the expected substantial benefits of in-country consolidation, including opex and capex synergies and revenue enhancement.
Reliance Communications is engaged in providing information and communications services. It provides telecom services for mobile and fixed line telephony. It offers code division multiple access (CDMA), global system for mobile (GSM), and 3G wireless services, wireline, voice, data, video, internet services. The company also provides long distance business services such as wholesale voice, bandwidth, national and international private leased circuits, broadband internet access, audio, video and web conferencing.
