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Aircel Ltd. was an Indian mobile network operator headquartered in Mumbai that offered voice and 2G and 3G data services. Maxis Communications held a 74% stake and Sindya Securities and Investments held the remaining 26%. [4]
May 24, 2024 · Aircel's journey in India was fraught with challenges, including fierce competition and regulatory hurdles. The company exited the market in February 2018 due to financial problems.
The Aircel-Maxis deal came under the scanner in 2011 when Chinnakannan Sivasankaran alleged that he was pressured to sell his stake to Maxis Berhad.
Sep 15, 2016 · Aircel will also transfer Rs 14,000 crore of its debt to the entity. Earlier this year, Aircel repaid part of its debt after selling 4G spectrum to Bharti Airtel in eight circles for Rs 3,500 crore. The combined subscriber base is estimated to be around 180 million along with a revenue market share of 6% each.
Gurugram-based telecom major Aircel filed for bankruptcy on Wednesday, after reaching a consensus with lenders and shareholders, and determining that process under the Insolvency and Bankruptcy...
Mar 1, 2018 · The country's sixth largest telecom operator Aircel along with its units - Aircel Cellular and Dishnet Wireless - on Wednesday filed for bankruptcy in the National Companies Law Tribunal (NCLT)...
Mar 1, 2018 · Most banks had not classified Aircel as non-performing loan since they had invoked Strategic Debt Restructuring (SDR) in January 2018. Aircel became the first victim of the Reserve Bank of India ’s zeal to promote bankruptcy law to resolve default cases instead of numerous but complicated restructuring programmes that were holding up revival ...
Aircel Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Aircel Blogs, Comments and Archive News on Economictimes.com
Feb 28, 2018 · In a statement here, Aircel said that intense competition following the disruptive entry of a new player, legal and regulatory challenges, high level of unsustainable debt and increased losses...
Jan 4, 2024 · Airtel took the issue to the National Company Law Tribunal (NCLT). At the NCLT, Aircel's RP contended that setting off Rs 112 crore would grant Airtel a preferential payment over other...
