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Telenor in talks with RCOM for a potential merger deal: report

Norway-based telco Telenor is looking to merge its India operations with Reliance Communications, reports ET, citing un-named sources. Telenor was in talks with RCOM for a possible merger of its customer base, spectrum holdings, and the entire business unit with Aircel-Rcom merged entity. According to the report, Telenor’s proposal included a 10% stake in the merged entity, with Aircel and RCOM owning 45% each in the joint venture. A spokesperson from Telenor told MediaNama: "As a general principle Telenor does not comment on market rumors and speculations." RCOM did not respond to our query yet. Note that Telenor was reportedly in talks with Airtel for a $350 million merger earlier this month. Airtel was looking to acquire half of Telenor India’s liabilities, while Telenor was looking to hold the remaining half. Both companies did not comment on the reports when MediaNama…

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