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  • More than one lakh Aircel customers registered to join BSNL Mar 06, 2018 09:21 PM IST

    More than one lakh Aircel customers registered to join BSNL

    Last week Aircel said it has filed for bankruptcy as the company has been facing "troubled times" in a "highly financially stressed" industry.

  • HC issues notice to govt, TRAI on stopping of Aircel's service Mar 05, 2018 05:41 PM IST

    HC issues notice to govt, TRAI on stopping of Aircel's service

    The Madras High Court today issued notice to the Telecom Ministry and TRAI on a PIL seeking a direction for resumption of mobile provider Aircel's services at the earliest.

  • Aircel files for bankruptcy; cites intense competition, unsustainable debt Feb 28, 2018 05:39 PM IST

    Aircel files for bankruptcy; cites intense competition, unsustainable debt

    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 had together caused significant "negative business and reputational impact" on the company.

  • TRAI to issue direction to Aircel to maintain service quality; to grant codes for port outs Feb 27, 2018 01:58 PM IST

    TRAI to issue direction to Aircel to maintain service quality; to grant codes for port outs

    TRAI sources told PTI that the company wrote to the regulator late last week saying it is undergoing "deep financial stress" and the recent reports that it may file for bankruptcy have created a "chaotic situation" with its subscribers, distributors and retailers and partners, with whom the company has had a long standing relationship.

  • Aircel employees seeking new jobs after being warned to brace for 'difficult times ahead' Feb 23, 2018 12:06 PM IST

    Aircel employees seeking new jobs after being warned to brace for 'difficult times ahead'

    As per the report, many employees want to leave the telecom sector as soon as possible.

  • Aircel spikes rumours on service closure Feb 21, 2018 08:05 PM IST

    Aircel spikes rumours on service closure

    A company official clarified the network service provider was facing some issues and they were trying to resolve it.

  • Idea suspends interconnect services with Aircel over dues Feb 07, 2018 01:28 PM IST

    Idea suspends interconnect services with Aircel over dues

    Idea said it will restore interconnect services immediately after Aircel makes the payment, but did not specify the outstanding amount.

  • Aircel gets SBI-led lenders' nod to restructure debt Jan 30, 2018 09:30 AM IST

    Aircel gets SBI-led lenders' nod to restructure debt

    While the lenders led by the State Bank of India (SBI) have approved the debt restructuring proposal, the final nod will have to come from the Delhi High Court.

  • Telecom sector in 2017: A year marked by bitter competition and consolidation Dec 29, 2017 04:56 PM IST

    Telecom sector in 2017: A year marked by bitter competition and consolidation

    In what could be considered a landmark year for the telecom sector in India, 2017 saw telcos consolidate like never before. By the end of the year, there were only three major players left in the market.

  • 2G verdict: ED to go into appeal against order Dec 21, 2017 12:46 PM IST

    2G verdict: ED to go into appeal against order

    They said the agency will study the order and will knock on the doors of the high court armed with their evidence and investigation.

  • Aircel-Maxis case: ED conducts raids in Chennai, Kolkata Dec 01, 2017 11:30 AM IST

    Aircel-Maxis case: ED conducts raids in Chennai, Kolkata

    The action has also been conducted at the premises of one S Kailasam at Tenaympet in Chennai. Kailasam is the maternal uncle of Karti Chidambaram, the son of the former Finance Minister, the sources said.

  • Airtel ready for acquisition talks with Aircel: Sunil Mittal Nov 29, 2017 10:43 AM IST

    Airtel ready for acquisition talks with Aircel: Sunil Mittal

    Mittal said that the debt-ridden Aircel has two options, either to join Vodafone-Idea or go ahead with Airtel.

  • Aircel delays debt repayments: CARE Nov 17, 2017 01:52 PM IST

    Aircel delays debt repayments: CARE

    Aircel, the sixth-ranked mobile carrier in the country by subscribers, has delayed payment of interest on its debt obligations on account of its "weak liquidity position," CARE said in a Nov. 16 note.

  • Aircel may have to wind up operations, say analysts Nov 07, 2017 10:32 AM IST

    Aircel may have to wind up operations, say analysts

    Analysts feel shutting down the business using the bankruptcy route would invoke the bank guarantees of Aircel's Malaysian parent company Maxis.

  • No impact of Aircel merger cancellation on RCom's rating: Moody's Oct 04, 2017 08:05 AM IST

    No impact of Aircel merger cancellation on RCom's rating: Moody's

    "Reliance Communications Limited's (Rcom's) cancellation of the merger agreement of its mobile business with Aircel Limited has no impact on Rcom's Ca corporate family and senior secured bond ratings. The ratings outlook remains negative," Moody's said in a statement.

  • RComm-Aircel merger called off but SSTL merger on track: Punit Garg Oct 03, 2017 01:58 PM IST

    RComm-Aircel merger called off but SSTL merger on track: Punit Garg

    The endeavour remains to pare the debt by December end but by March 2018, the company would focus to reduce Rs 25,000 core out of the overall debt, said Punit Garg, ED, Reliance Communication.

  • RCom-Aircel merger deal called off, regulatory uncertainties, vested interests blamed Oct 01, 2017 07:24 PM IST

    RCom-Aircel merger deal called off, regulatory uncertainties, vested interests blamed

    Rcom and Aircel Limited had signed binding agreements in September 2016 for the merger of Rcom's mobile businesses with Aircel

  • Aircel denies bankruptcy reports Sep 15, 2017 08:55 PM IST

    Aircel denies bankruptcy reports

    Aircel, which is wholly owned subsidiary of Maxis, has a total debt of Rs 16,000 crore out of which Rs 12,000 crore is Indian debt.

  • CAG Bomb: Telecom sector waiting to explode? Sep 08, 2017 12:04 PM IST

    CAG Bomb: Telecom sector waiting to explode?

    This leads to the government losing out Rs12,229.24 crore as payment from spectrum usage charges and interest. These charges are computed by using telecom companies’ revenue as the base. On the basis of this report government has once again appointed special auditors to check irregularities in telecom company’s accounts.

  • Idea, Vodafone lose customers, Airtel adds users in July Aug 23, 2017 08:55 AM IST

    Idea, Vodafone lose customers, Airtel adds users in July

    Total mobile customer base of five COAI members that include Aircel and Telenor declined by 37.74 lakh to 82.6 crore in July from 83 crore at the end of June.

  • Jio effect: Telecom sector consolidating into a 5-player market Aug 04, 2017 12:38 PM IST

    Jio effect: Telecom sector consolidating into a 5-player market

    Indian telecom companies are seeking mergers and acquisitions to beat tough competition.

  • Six telcom companies underreported revenue by Rs 61,064.5 cr: CAG Jul 21, 2017 03:53 PM IST

    Six telcom companies underreported revenue by Rs 61,064.5 cr: CAG

    The Comptroller and Auditor General (CAG), in its latest report tabled in Parliament today, said its audit indicated "total understatement of adjusted gross revenue (AGR) of Rs 61,064.56 crore" by six operators.

  • Aircel case: Court refuses to initiate proceedings on CBI plea May 18, 2017 01:30 PM IST

    Aircel case: Court refuses to initiate proceedings on CBI plea

    On the last date of hearing, the CBI had told the court that more steps were needed to be taken to secure the presence of Krishnan and Marshall, who were charge-sheeted along with former Telecom Minister Dayanidhi Maran and his brother Kalanithi, in the case.

  • Reliance Communications shareholders approve merger with Aircel Apr 24, 2017 04:22 PM IST

    Reliance Communications shareholders approve merger with Aircel

    RCom, in September last year, had announced it will merge its wireless telecom business with smaller rival Aircel to create the country's fourth-biggest mobile phone operator.

  • Reliance Jio free services to impact telecos Q4 FY'17 earnings: Report Apr 07, 2017 09:20 AM IST

    Reliance Jio free services to impact telecos Q4 FY'17 earnings: Report

    Moreover, the RJio's extended free services for prime members till June, may also continue to keep the performance of telecom companies muted for the first quarter (April-June) of the current fiscal, according to ICICI Securities' latest earnings preview of the sector.

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