DoT introduces new hurdle for RCOM/Aircel merger

31 Jul 2017

India’s Department of Telecommunications (DoT) has announced that it will only grant its approval for the planned merger of wireless providers Reliance Communications (RCOM) and Aircel once the deal has been greenlit by the Supreme Court. The Economic Times writes that the DoT is wary of clearing the deal whilst there remains a risk that the apex court may order the withdrawal of Aircel’s licences. Earlier this year, the Supreme Court had threatened to take such action if the senior executives of Aircel’s parent, Maxis Berhad, continued to refuse to appear in court in India in relation to accusations of bribing politicians and officials.

India, Aircel, Department of Telecommunications (DoT), Reliance Communications (RCOM)