Bharti AirTel expressed its interest on Rcom’s spectrum. As per reports Reliance communication is having a debt of upto 50000 Crores and the company is shutting down its various departments like Broadband, 2G and 3G networks.
If the auction deal happens it will be a great progression for Airtel after Telenor merger.
Airtel current price level is NSE 500.10 and Rcom at level NSE 13.75.
It is not necessarily a company can buy the assets but more than one company get this opportunity. There were rumors that Relaince Jio has eyes on Rcom properties. But all these financial news didn’t came official.