2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rcom
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Aircom
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SP limited
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State Joint Venture Company
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Detailed explanation-1: -On Wednesday, 14 September, 2014, Anil Ambani-led Reliance Communications (RCom) struck a deal with Malaysia based Maxis Communication Behad (MCB) agreeing to merge Reliance Communications Ltd and its smaller rival, 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: -At the time of making application for insolvency, Aircel had an outstanding debt of Rs 15, 000 Crores and was incurring losses of Rs 100 – 150 Crores due to reduced market share and tariff prices.
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.