Diabytes
Rcom Aircel merger News
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One of the reasons is the high levies imposed on the sector. Industry bodies have often in the past bemoaned the fact that the Indian levy on the sector is in the 30 per cent-plus range.
Moody's had downgraded the credit rating of RCom to 'Ca' from 'Caa1' in June 2017.
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The board decided that RCom will evaluate an alternative plan for its mobile business, through optimisation of its spectrum portfolio and adoption of a 4G focused mobile strategy.
Telecom operator Reliance Communications on Monday hoped that the ongoing case against Maxis top officials will not impact the merger of its wireless business with that of Aircel.
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