Anil Ambani led RCom has announced merger with Aircel.
The merged entity will have the second-largest spectrum holding amongst all operators, aggregating 448 MHz across the 850, 900, 1800 and 2100 MHz bands, and will enjoy enhanced business continuity through extended validity of spectrum holdings till 2033-35.
The merged entity will have a subscriber base of 186.7 million (9.87 million of RCom and 8.80 million of Aircel), catapulting it to the third position after Bharti Airtel (251 million) and Vodafone (198 million) and before Idea Cellular (175 million).
RCOM and MAXIS Communications Berhad (MCB) will each hold a 50% stake in the merged entity, with equal representation on the Board of Directors and all Committees. The Company will be managed by an independent professional team under the supervision of the Board.