India’s RCom fails to ink Aircel deal, may face bankruptcy

While India’s richest man Mukesh Ambani has disrupted India’s mobile phone services industry by launching Reliance Jio Infocomm, his younger sibling Anil Ambani is struggling to keep his telecom venture Reliance Communications (RCom) afloat amid staggering debt burden. RCom’s latest attempt to reduce its debt burden by merging with Aircel, owned by Maxis of Malaysia, failed […]