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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]
Mar 1, 2018 · 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)...
Aircel exited the market in February 2018 due to financial problems. In 2006, Maxis Berhad took over Aircel by acquiring a 74% stake. The Aircel-Maxis deal came under the scanner in 2011 when...
Apr 18, 2021 · The National Company Law Appellate Tribunal ruling of last week in the Aircel vs Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Ltd. (RCOM).
Feb 28, 2018 · Telecom giant Aircel on Wednesday said it has filed for bankruptcy as the firm was “facing troubled times in highly financially stressed industry”. In an official statement, the company said that unsustainable debt has impacted its reputation.
Oct 17, 2019 · Subscribers of Aircel who are still on the network can choose either Reliance Jio or Bharti Airtel or Vodafone Idea or BSNL or MTNL by the end of October 2019, post which they won't be able to...
Mar 5, 2018 · What happened to Aircel was neither sudden nor unexpected; the rapid and unprecedented market consolidation is changing the workings of the telecom market like never before
Feb 22, 2018 · Nearly nine lakh Aircel customers across India on Wednesday and almost three lakh customers on Tuesday tried to port their numbers after facing frequent call drops, amidst reports of the company...
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.
