RCOM and Aircel Plan to Trim Debt to INR 200 bil before Merger

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RCOM and Aircel are planning to bring down debts before the merger, RCOM’s debt is expected to come down to INR 100 billion. Aircel, too, is planning to bring down its debt to INR 100 billion from the present INR 260 billion.

Consolidation in India’s telecom sector, according to PwC, can be outright, like the MTS-Reliance merger, or via spectrum trading/sharing deals, like the Idea-Videocon deal announced recently. Investment bankers said outright purchase assets was unlikely because it would be very expensive and come with a lot of regulatory payouts. Read more

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Sweekar S

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