The telco has been in a bit of trouble for a while as debts continued to pile up (supposedly in the region of $6.8 billion), and it would seem the attempted acquisition of Aircel could be the final roll of the Reliance Communications dice.
Chairman Anil Ambani had promised cash reserves at Aircel would provide a more stable foundation for Reliance Communications, but both parties seemingly got sick of endless delays, abandoning any deal.
And the smell of blood has made its way to the noses of the cut-throat competitors; apparently the scavengers can’t even wait for the limping giant to die; the steaks are being carved out already.
While Airtel and Vodafone are already tucking in, Jio has been relatively quiet.
With one brother on the up and the other finding issues in the telco space, some have might believe Reliance Communications is an acquisition target for Jio.
It was after all Jio’s aggressive pricing strategy which was the beginning of all the pain in India.