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Anil Ambani-led Reliance Communications (RCom) had been hoping to pay some of its Rs 47,000 crore debt after completing the merger of its wireless business with Aircel and selling a majority stake in its tower business to Canada’s Brookfield for Rs 11,000 crore. But the cancellation of merger talks with Aircel and the proposed renegotiation of the tower deal have come as massive blows for RCom. What can the company do now to survive and pay back its debts? Sanjiv Bhasin, executive vice president at brokerage firm IIFL, gives an insight.

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