Reliance Communications (RCOM), Maxis Communications Berhad (MCB) and Sindya Securities & Investments (Sindya), the shareholders of Aircel, are expected to sign binding definitive documentation and announce the proposed Transaction for the combination of the Indian wireless business of RCOM and Aircel very shortly. Any such transaction will be subject to regulatory, shareholders’ and other third party approvals.
RCom 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.
