RCom gets shareholders nod for Aircel deal

Anil Ambani-controlled Reliance Communications Ltd (RCom) has received shareholders’ approval to separate its wireless division and unit Reliance Telecom Ltd and merge it with smaller rival Aircel Ltd and Dishnet Wireless Ltd. Mumbai-based RCom had signed a definitive agreement to merge its wireless business with Aircel in September last year. As part of the deal, the merged entity will combine Reliance Communications’ wireless business and Aircel’s operations in India, including the entire spectrum held by the two companies.