The Reliance Communications recently agreed to merge with Aircel. Which of the following is the parent company of Aircel

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Maxis Communications Berhad
B	Matrix Communication Berhad
C	Max Aircel Communication
D	DER Aircel Communication

Explanation:

Detailed explanation-1: -RCom will turn its wireless business into a special purpose vehicle in a slump sale, excluding the tower and overseas arms of the Ambani company. This special purpose vehicle in turn will get merged into the mobile business of Maxis Communications Bhd-owned Aircel.

Detailed explanation-2: -On 14 September 2016, Reliance Communications and Aircel announced the merger of their mobile network operations. Following the merger, the joint entity was expected to become India’s fourth largest telecom operator in term of consumer base and revenues.

Detailed explanation-3: -Billionaire Mukesh Dhirubhai Ambani-led Jio placed a bid of Rs 3, 720 crore in November 2019 to acquire the tower and fibre asset of debt-ridden subsidiary of his younger brother Anil Ambani-managed firm Reliance Communications.

Detailed explanation-4: -NEW DELHI: Anil Ambani-led Reliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country’s 4th-biggest mobile phone operator with asset base of more than Rs 65, 000 crore.

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