Post by Dilip on Nov 14, 2016 20:38:29 GMT 5.5
Anil Ambani Group’s Reliance Communications is all set to make a ‘major announcement’ in Mumbai tomorrow, the company said in an invite for journalists.
Though the exact nature of the announcement was not revealed, it is being suggested that the company is likely to unveil something related to its ongoing merger with Aircel Cellular, even though the invite sounds like it is for a new product announcement.
The merger, announced two months ago, involves combining the wireless operations of the Anil Ambani company, that of Sistema Shyam Teleservices and the wireless operations of Aircel Cellular, a unit of Malaysia’s Maxis.
The completion of the deal is expected only in early 2017.
However, given that both company boards have given their approval, the two are free to start working together and start planning for joint services.
The new company is expected to soon unveil a new brand and logo, and also convert a major part of its 2G spectrum into 4G spectrum by making payments to the Department of Telecom.
Read more at rtn.asia/t-t/24895/rcom-aircel-reveal-post-merger-plans-tomorrow#WAlDifWVY7ypVS9L.99
Though the exact nature of the announcement was not revealed, it is being suggested that the company is likely to unveil something related to its ongoing merger with Aircel Cellular, even though the invite sounds like it is for a new product announcement.
The merger, announced two months ago, involves combining the wireless operations of the Anil Ambani company, that of Sistema Shyam Teleservices and the wireless operations of Aircel Cellular, a unit of Malaysia’s Maxis.
The completion of the deal is expected only in early 2017.
However, given that both company boards have given their approval, the two are free to start working together and start planning for joint services.
The new company is expected to soon unveil a new brand and logo, and also convert a major part of its 2G spectrum into 4G spectrum by making payments to the Department of Telecom.
Read more at rtn.asia/t-t/24895/rcom-aircel-reveal-post-merger-plans-tomorrow#WAlDifWVY7ypVS9L.99
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