Billionaire Anil Ambani in Wireless Merger Talks With Aircel

  • Reliance Communications has 90-day exclusivity on discussions
  • Deal to exclude Reliance's tower and optical fibre assets

Billionaire Anil Ambani’s Reliance Communications Ltd. is in talks to merge with smaller wireless carrier Aircel Ltd. in the latest sign that that deal-making in India’s telecommunications industry is heating up.

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