ABU DHABI/WAM The United Arab Emirates and the Republic of Mozambique have reviewed avenues to …
Read More »Ambani’s Reliance Communications aborts Aircel deal in debt-cut blow
Bloomberg Reliance Communications Ltd.’s plan to merge with Aircel Ltd. collapsed in a blow to the Indian mobile phone carriers’ plans to pare debt and gain scale to take on bigger rivals. “Legal uncertainties†and “interventions by vested interests†caused delays in regulatory approvals, Reliance Communications said in an exchange filing. Consequently, the merger has “lapsed with mutual consent,†it …
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