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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]
Aircel - Moile Service Provider ... Aircel website
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.
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.
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)...
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.
Sep 15, 2016 · Reliance Communications announced its long-awaited merger with unlisted telecom operator Aircel, marking the first move toward consolidation in the space and creating the country's fourth-largest phone company in terms of customers and revenue. BCCL. This gives them a combined subscriber base of around 180 million.
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...
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...
Jul 3, 2012 · Aircel Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Aircel Blogs, Comments and Archive News on Economictimes.com
