Telenor joins M&A rush, seeks Aircel Aud Reliance Communication tieup

 

MUMBAI: Norway’s Telenor has approached Aircel and Reliance Communication to explore a merger via share swap, as consolidation grips the Indian airwaves, said three executives aware of the matter. Telenor has expressed its willingness to combine its business, customer base plus spectrum with the merged Aircel-RCom entity, even though the spectre of the apex court looms large on the Indian operations of the Malaysian telco.
Upon completion Telenor will own 10% in the three way allian ..
Telenor wants to leave as soon as it can. It will take the deal that will close faster,” said a person familiar with the Norwegian company’s predicament.

A merger will help Telenor to stay invested in a pan India operation as against a complete exit. RCom and Aircel gain additional subscribers and additional 4G LTE spectrum.

Telenor and RCom spokespersons declined to comment while mails to Aircel went unanswered till the time of going to press.

Telenor, is  ..