$\"\"$ MUMBAI: Reliance Communications is continuing exclusive talks with the promoters of Aircel<\/a> on combining their wireless businesses, extending the period by a further 30 days to June 22 following \"substantial” progress in their discussions.

\"The discussions, though at advanced stage, are non-binding in nature. Any transaction is subject to completion of due diligence, definitive documentation and regulatory, shareholders’ and other third party approvals. Hence, there is no certainty that any transaction will result,\" RCom<\/a> said in a statement on Saturday.

\n\n\tThe Anil Ambani-run telco, India's fourth-largest carrier, had been in merger talks with Maxis Communications Berhad and Sindya Securities and Investments Pvt. Ltd., the promoters of Aircel, for a 90-day period since December 22. That deadline was initially extended to May 22, and has now been further extended by another month.\n

RCom is simultaneously merging Sistema Shyam Teleservices<\/a>' wireless business with itself. Under the structure being discussed, RCom is likely to combine its wireless business with Aircel.

\n\n\tBoth RCom and Aircel's promoters will hold 50% each in the merged entity, which would be renamed and could emerge as India's No. 3 carrier by users, ahead of Idea Cellular and trailing market leader Bharti Airtel and Vodafone India. The two telcos had initially wanted to close the deal by September.\n

\n\n\tThe transaction is contingent on the companies paring debt and transferring Rs 14,000 crore of borrowings each to the combined entity, people familiar with the development told ET earlier. RCom had Rs 40,479 crore of debt as of December 31, while Aircel has about Rs 18,000 crore.\n

\n\n\tRCom's attempt to cut debt by selling stake in its tower business had hit a hurdle, with potential financer TPG unhappy at the Rs 21,500 crore valuation being discussed. Partner Tillman Global Holdings has to scout for a replacement to fund the buyout, but hasn’t found one as yet, which maybe a reason for the further delay in the sale.\n

\n\n\tA merger though would help both companies stay relevant in an intensely competitive market as India. Individually, the companies - both struggling with debt and falling market share - have no way of challenging their bigger rivals.\n

\n\n\tSources told ET earlier that the RCom-Aircel deal would create an entity with revenue of about Rs 25,000 crore annually, earnings before interest, taxes, depreciation and amortisation of about Rs 6,000 crore and an Ebitda margin of 25%. Idea Cellular posted an EBITDA of Rs 13,030 crore and an Ebitda margin of 36.2% on FY16 revenue of Rs 35,981 crore.\n

\n\n\tRCom and Aircel will also benefit from operational and capital expenditure synergies and larger revenue after a deal, RCom reiterated Saturday.\n<\/body>","next_sibling":[{"msid":52374835,"title":"PM Modi gets an Apple update, courtesy Tim Cook","entity_type":"ARTICLE","link":"\/news\/pm-modi-gets-an-apple-update-courtesy-tim-cook\/52374835","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"seoschemas":false,"msid":52375859,"entity_type":"ARTICLE","title":"RCom-Aircel extend merger deal talks again, now by a month to June 22","synopsis":"Reliance Communications is continuing exclusive talks with the promoters of Aircel on combining their wireless businesses, extending the period by a further 30 days to June 22 following \"substantial\u201d progress in their discussions.","titleseo":"telecomnews\/rcom-aircel-extend-merger-deal-talks-again-now-by-a-month-to-june-22","status":"ACTIVE","authors":[{"author_name":"Deepali Gupta","author_link":"\/author\/479219003\/deepali-gupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479219003.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479219003,"author_name":"Deepali Gupta","author_seo_name":"deepali-gupta","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-05-21 16:42:26","lastupd":"2016-05-21 16:45:04","breadcrumbTags":["RCom","industry","Aircel","Sistema Shyam Teleservices","Insights"],"secinfo":{"seolocation":"telecomnews\/rcom-aircel-extend-merger-deal-talks-again-now-by-a-month-to-june-22"}}" data-authors="[" deepali gupta"]" data-category-name="" data-category_id="" data-date="2016-05-21" data-index="article_1">

Telecom乐动扑克News

RCom-Aircel扩展合并谈判再一次,现在一个月6月22日

Reliance Communications继续独家谈判的启动子Aircel结合无线业务,扩展时期进一步30天6月22日之后在讨论“实质性”进展。

迪帕莉。古普塔,
等局

更新2016年5月21日下午04:45坚持

孟买:Reliance Communications继续独家谈判的倡导者Aircel结合无线业务,进一步扩展时期后30天6月22日“实质性”讨论的进展。

”的讨论,尽管在高级阶段,在本质上是没有约束力的。任何事务完成尽职调查,明确文档和监管,股东和其他第三方的批准。因此,现在还不能确定,任何事务都结果,“信实电信周六在一份声明中说。

Anil Ambani-run电信,印度第四大航空公司在合并谈判Maxis通信有限公司和Sindya证券和投资经纪公司,Aircel的推动者,自12月22日90天的时间。最后期限最初扩展到5月22日,现在已经进一步延长一个月。

同时RCom合并Sistema Shyam电信业务的无线业务本身。正在讨论的结构下,可能会将其无线业务与Aircel RCom。

RCom和Aircel推动者每个在合并后的实体将持有50%,这将被重新命名,可能成为印度用户3号航母的想法之前,细胞和落后于市场领导者Bharti Airtel和沃达丰印度。两家电信公司最初想在9月完成交易。

事务是取决于公司削减债务和14000卢比的借款转移到合并后的实体,知情人士告诉发展等。40479卢比的债务RCom截至12月31日,尽管Aircel大约18000卢比。

RCom试图削减债务通过出售股份塔业务遇到障碍,与潜在的金融家TPG不满21500卢比的估值正在讨论。Tillman全球控股有限公司合作必须寻找替代基金收购,但尚未发现一个可能的原因进一步推迟出售。

虽然合并将有助于两家公司保持在一个竞争激烈的市场,印度有关。单独,这两家公司都在债务和市场份额下降——没有办法挑战他们的更大的竞争对手。

来源告诉ET早些时候RCom-Aircel交易将创建一个实体,每年收入约为25000卢比,利息、税项、折旧及摊销前收益约为6000卢比,Ebitda利润率为25%。知道细胞贴13030卢比的EBITDA的EBITDA利润率36.2% FY16收入35981卢比。

信实电信和Aircel也将受益于运营和资本支出的协同效应和更大的收入达成协议后,重申RCom星期六。

发表在2016年5月21日下午04:42坚持

$\"\"$ MUMBAI: Reliance Communications is continuing exclusive talks with the promoters of Aircel<\/a> on combining their wireless businesses, extending the period by a further 30 days to June 22 following \"substantial” progress in their discussions.

\"The discussions, though at advanced stage, are non-binding in nature. Any transaction is subject to completion of due diligence, definitive documentation and regulatory, shareholders’ and other third party approvals. Hence, there is no certainty that any transaction will result,\" RCom<\/a> said in a statement on Saturday.

\n\n\tThe Anil Ambani-run telco, India's fourth-largest carrier, had been in merger talks with Maxis Communications Berhad and Sindya Securities and Investments Pvt. Ltd., the promoters of Aircel, for a 90-day period since December 22. That deadline was initially extended to May 22, and has now been further extended by another month.\n

RCom is simultaneously merging Sistema Shyam Teleservices<\/a>' wireless business with itself. Under the structure being discussed, RCom is likely to combine its wireless business with Aircel.

\n\n\tBoth RCom and Aircel's promoters will hold 50% each in the merged entity, which would be renamed and could emerge as India's No. 3 carrier by users, ahead of Idea Cellular and trailing market leader Bharti Airtel and Vodafone India. The two telcos had initially wanted to close the deal by September.\n

\n\n\tThe transaction is contingent on the companies paring debt and transferring Rs 14,000 crore of borrowings each to the combined entity, people familiar with the development told ET earlier. RCom had Rs 40,479 crore of debt as of December 31, while Aircel has about Rs 18,000 crore.\n

\n\n\tRCom's attempt to cut debt by selling stake in its tower business had hit a hurdle, with potential financer TPG unhappy at the Rs 21,500 crore valuation being discussed. Partner Tillman Global Holdings has to scout for a replacement to fund the buyout, but hasn’t found one as yet, which maybe a reason for the further delay in the sale.\n

\n\n\tA merger though would help both companies stay relevant in an intensely competitive market as India. Individually, the companies - both struggling with debt and falling market share - have no way of challenging their bigger rivals.\n

\n\n\tSources told ET earlier that the RCom-Aircel deal would create an entity with revenue of about Rs 25,000 crore annually, earnings before interest, taxes, depreciation and amortisation of about Rs 6,000 crore and an Ebitda margin of 25%. Idea Cellular posted an EBITDA of Rs 13,030 crore and an Ebitda margin of 36.2% on FY16 revenue of Rs 35,981 crore.\n

\n\n\tRCom and Aircel will also benefit from operational and capital expenditure synergies and larger revenue after a deal, RCom reiterated Saturday.\n<\/body>","next_sibling":[{"msid":52374835,"title":"PM Modi gets an Apple update, courtesy Tim Cook","entity_type":"ARTICLE","link":"\/news\/pm-modi-gets-an-apple-update-courtesy-tim-cook\/52374835","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"seoschemas":false,"msid":52375859,"entity_type":"ARTICLE","title":"RCom-Aircel extend merger deal talks again, now by a month to June 22","synopsis":"Reliance Communications is continuing exclusive talks with the promoters of Aircel on combining their wireless businesses, extending the period by a further 30 days to June 22 following \"substantial\u201d progress in their discussions.","titleseo":"telecomnews\/rcom-aircel-extend-merger-deal-talks-again-now-by-a-month-to-june-22","status":"ACTIVE","authors":[{"author_name":"Deepali Gupta","author_link":"\/author\/479219003\/deepali-gupta","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479219003.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479219003,"author_name":"Deepali Gupta","author_seo_name":"deepali-gupta","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-05-21 16:42:26","lastupd":"2016-05-21 16:45:04","breadcrumbTags":["RCom","industry","Aircel","Sistema Shyam Teleservices","Insights"],"secinfo":{"seolocation":"telecomnews\/rcom-aircel-extend-merger-deal-talks-again-now-by-a-month-to-june-22"}}" data-news_link="//www.iser-br.com/news/rcom-aircel-extend-merger-deal-talks-again-now-by-a-month-to-june-22/52375859">