RCom’s net debt at the end of March 2016 stood at Rs. 41,362.1 crore.
Reliance Communications reportedly said it expects to cut down debt by 75% through merger of MTS, Aircel and sales of mobile towers.
“ We expect to make announcement with respect to Aircel merger anytime in June. Once we complete the Aircel transaction, we will go for the tower deal,” RCom CEO for Consumer Business Gurdeep Singh reportedly said during a conference call.
RCom’s net debt at the end of March 2016 stood at Rs. 41,362.1 crore.
RCom and Aircel have extended discussion period for the possible merger till June 22.
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