"Integration of MTS business with RCom is on track. We expect to complete the integration in August. We expect to make announcement with respect to Aircel merger anytime in June. Once we complete the Aircel transaction, we will go for the tower deal," RCom CEO for Consumer Business Gurdeep Singh said today during a conference call.
"With completion of these deals, we expect RCom's debt to reduce by 75 per cent."
RCom's net debt at the end of March 2016 stood at Rs 41,362.1 crore.
RCom and Aircel talks, if successful, would lead to a combined entity holding 19.3 per cent of the total spectrum allocated to the industry -- the highest by an entity.
Also Read
RCom also expects approval from the government for spectrum liberalisation in four circles -- Kerala, Karnataka, Tamil Nadu and Rajasthan -- by tomorrow. The company has paid over Rs 1,200 crore for liberalising spectrum in these circles.
RCom is migrating all its CDMA customers to the 4G network in phases and those who want to opt out will be disconnected.
"The current licence requires us to give 30-day notice to customers if we are closing a service. We gave the notice to them in first week of April. Those who do not want to move, they will be switched off today. By June, most of them will be switched off," RCom President Punit Garg said.