Aircel-Reliance Com merger soon

Ever since March, Aircel and Reliance Communications have been in talks about a merger. And according to sources they will be announcing their merger very soon. Earlier last month, the Reliance Communications and Aircel had decided to extend by 30 days the discussion period for their possible merger. If the merger between the two takes place then it would lead to a combined entity holding of 19.3% of the total spectrum allocated to the industry which will be the highest in the country by an entity.