Three Hurdles In Potential Merger Of Tata Teleservices With Reliance Communications
(WorldNews Business)

Five months after Reliance Communications Ltd. announced its merger with Aircel Ltd., the latest buzz on deal street is that Tata Teleservices Ltd. (TTSL) is looking to join hands with the merged entity. The deal if it fructifies, will create India´s third largest telecom company after Bharti Airtel Ltd. and the potential combined entity of Vodafone India Ltd. and Idea Cellular Ltd. Tata Teleservices´ subsidiary - listed company Tata Teleservices (Maharashtra) Ltd. (TTML) - and Reliance Communications have neither confirmed nor outright denied a report in The Economic Times published on Monday. Reliance Communications, in its response to a clarification sought by the stock exchanges, said...