Incidentally, T Ananda Krishnan owns stakes in both Sun Direct and Aircel. So, Krishnan and Ambani could be working out two deals. Krishnan’s Maxis Communications is the largest owner of Aircel, which is being merged with RCom’s wireless unit. In the merged entity, Aircel and RCom are going to have equal shareholding.
RCom has been mulling hiving off its DTH
business for a long time. In 2013, Reliance Digital
TV and Sun Direct were exploring a merger. The match between the two is an ideal one as both of them are located on the same satellite.
