Reliance Communications pulls the plug on Aircel merger

A merger designed to take on the competitive threat of Jio seems to have been undone by the competitive threat of Jio.
Indian operator Reliance Communications (not to be confused with Reliance Jio, although the two are owned by competing members of the Ambani family) announced over a year ago that it was going to merge with fellow operator Aircell. The move was presumed to have been catalysed by the disruptive entry into the Indian market of Jio.
12 months down the line and Reliance has decided