Nytex

In Brief:RCom, Aircel finally ink Indian mega-merger 

RCom, Aircel finally ink Indian mega-merger
After months of negotiation, Reliance Communications and Aircel on Thursday reached a deal to merge their mobile businesses into a 50:50 joint venture, creating India's third-largest operator by subscribers.The merged entity-titled"MergedCo", will boast 448 MHz of spectrum across the 850 MHz, 900 MHz, 1800 MHz and 2.1 GHz bands. MergedCo will have approximately 187.6 million mobile subscribers, putting it in third place behind Vodafone and ahead of Idea Cellular, which at the end of June had 199.4 million and 176.2 million subscribers respectively. Market leader Bharti Airtel remains out in front with 255.7 million subscribers; the total number of mobile subscriptions in India stands at around 1.04 billion.

***Telia Company on Thursday revealed it has been asked to pay US$1.4 billion (€1.25 billion) by U.S. and Dutch authorities to settle the corruption investigation into its Uzbekistan unit.Telia has been under investigation since March 2014 over bribery allegations stemming from its entry into Uzbekistan in 2007. The company acquired its 3G licence there through Takilant, a Gibraltar-based company associated with Gulnara Karimova, daughter of the late Islam Karimov, president of Uzbekistan, who died earlier this month.

***A national court can set rates for mobile and fixed termination, according to a ruling by the EU Court of Justice in a case brought by Dutch operators against the national regulator ACM. The court must take account of the recommendations from the European Commission on termination, but can vary from these based on the specific circumstances of the local market. The opinion follows a case brought by the Dutch operators against the ACM's decision of August 2013 setting new termination rates. The ACM followed the EC's recommendation to base the rates on the Bulric method for determining the costs of an efficient operator. The Dutch corporate appeals court (CBb) suspended the ACM's decision and set higher rates based on the Bulric Plus method.

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•Telia faces $1.4bn fine for Uzbekistan wrong doings *GTT picked by Telnyx to connect global PoPs