India: RCom-Aircel merger collapses, doubts on debt repayment rise

India: RCom-Aircel merger collapses, doubts on debt repayment rise

An Aircel store is photographed from the outside. Photo: Livemint

Reliance Communications Ltd (RCom) has called off the merger of its wireless services business with Aircel Ltd, citing regulatory delays and opposition from some creditors, in a development that will further impede its efforts to pare its huge debt.

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