Reliance Communication (RCOM), which earlier was in talks to merge its wireless business with Aircel, is expected to sign mandatory documents and send it for regularity approval, RCOM said in a BSE filing. Both RCOM and Aircel had originally entered into talks in December last year. In March RCOM extended the exclusivity period of discussions with Aircel by 60 days. Shareholders of Reliance, Malaysia’s Maxis Communications Berhad, and Sindya Securities and Investments Private Limited—the shareholders of Aircel Limited are expected sign “definitive documentation and announce the proposed transaction” shortly. The transaction “will be subjected to regulatory, shareholders’, and third party approvals. Hence, there is no certainty that any transaction will result,” RCOM said in the filing. Sistema deal awaiting approvals Shareholders of Sistema Shyam Teleservices (SSTL), which owns the MTS brand in India, approved the merger of the company with RCOM, in April this year. They’re currently awaiting further approval from the Rajasthan and Bombay High Court, after which RCOM is expected to approach the DoT with further filings. Note that earlier in January, the BSE and NSE had both approved the merger deal following which in February, the Competition Commission of India too approved the merger deal. RCOM CDMA migration Earlier this month, it was reported that RCOM would shut down its CDMA services in all of its telecom circles except 4 circles – Rajasthan, Tamil Nadu, Kerala and Karnataka – in a bid to migrate CDMA customers to its 4G network. Later, Gurdeep Singh, CEO of RCOM’s Consumer Business said in an earnings call…
