Reliance Communications on Sunday called off its merger talks with Aircel citing 'legal and regulatory' delays. Anil Ambani-led RCom presented an alternative plan for debt reduction by selling company's real estate, tower and fibre business. Reliance Communications on Sunday called off its merger talks with Aircel citing 'legal and regulatory' delays. Anil Ambani -led RCom presented an alternative plan for debt reduction by selling company's real estate, tower and fibre business. "Merger of mobile business of RCom and Aircel lapses with mutual consent," the Anil Ambani-led firm said in a statement. "Legal and regulatory uncertainties, and various interventions by vested interests, have caused inordinate delays in receipt of relevant approvals for the proposed transaction," it said. Reliance Communications (RCom), like other telecom operators, has been losing its market share to Mukesh Ambani 's Reliance Jio ever since ...