Diabytes
Indian telecom sector News
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In the biggest consolidation deal in India's telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.
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On the RCom-SSTL deal, Fitch said it is unlikely to help RCom in meaningfully reducing its USD 6 billion in net debt.
The telecom sector attracted over 4-fold growth in foreign investments at USD 1.3 billion during the financial year 2013-14.
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