Billionaire Ambani Merges India Mobile Arm With Aircel

  • Merged entity to rank among top 4 in India by revenue, users
  • Aircel, Maxis to infuse further equity after merger approved

Anil Ambani.

Photographer: Abhijit Bhatlekar/Mint via Getty Images

Billionaire Anil Ambani’s Reliance Communications Ltd. will merge with smaller wireless carrier Aircel Ltd. in the latest consolidation in India’s telecommunications industry.

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