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  • Telecom sector may shed over 60,000 jobs: Report Oct 23, 2018 10:13 AM IST

    Telecom sector may shed over 60,000 jobs: Report

    The industry body, however, feels that the worst is over and companies are looking to hire in areas such as artificial intelligence (AI) and big data

  • 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.

  • 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.

  • Foreign interest in stressed assets but framework needed: Moelis Mar 08, 2017 03:53 PM IST

    Foreign interest in stressed assets but framework needed: Moelis

    Speaking to CNBC-TV18, Manisha Girotra of Moelis India said that India urgently needs capital and restructuring of stressed assets should be undertaken through any means possible.

  • Revenues of telcos to decline; like Aurobindo: Kotak's Prasad Mar 01, 2017 11:01 AM IST

    Revenues of telcos to decline; like Aurobindo: Kotak's Prasad

    Ample liquidity in the market could help it go up further but one needs be cautious of the risk-reward balance from a fundamental perspective, says Sanjeev Prasad, Senior Executive Director & Co-Head, Kotak Institutional Equities.

  • RCom, Tata Teleservices evaluating viability of merger: Sources Feb 28, 2017 03:00 PM IST

    RCom, Tata Teleservices evaluating viability of merger: Sources

    The deal is likely to be speeded up by the truce that was announced on Tuesday between Tata Sons and Japanese telecom giant NTT Docomo in the long-standing USD 1.17-billion dispute over their failed joint venture.

  • Jio Prime offer to hasten telecom sector consolidation: Analyst Feb 21, 2017 03:40 PM IST

    Jio Prime offer to hasten telecom sector consolidation: Analyst

    Mukesh Ambani continues to maintain a large amount of pressure on other telcom players, said Mahesh Uppal of Com First India. He expects further consolidation in market.

  • Idea stock may slip, more pain for telcos this year: Analysts Feb 11, 2017 06:47 PM IST

    Idea stock may slip, more pain for telcos this year: Analysts

    Idea cellular, which is Aditya Birla group‘s flagship telecom venture has posted one of the worst quarterly results since its listing. It has clocked in losses of Rs 385.5 crores in the third quarter. Prakash Diwan of Altamount Capital says that the stock will slip when the market opens on Monday morning.

  • Sun TV zooms 25% on Maran acquittal in Aircel-Maxis case Feb 03, 2017 10:42 AM IST

    Sun TV zooms 25% on Maran acquittal in Aircel-Maxis case

    This price spike came on the back of news that ex-telecom minister Dayanidhi Maran, his brother Kalanithi Maran and the latter's wife Kaveri Kalanithi, were discharged by a special court on Thursday on charges of bribery and money laundering in the Aircel-Maxis deal.

  • Aircel writes to DoT on 2G spectrum case Jan 12, 2017 02:55 PM IST

    Aircel writes to DoT on 2G spectrum case

    The Supreme Court (SC) last week had proposed that they could cancel the 2G licence and the spectrum granted to Aircel if the Maxis promoters do not present themselves before the court.

  • Here is why SP Tulsian is bullish on sugar stocks Nov 22, 2016 08:29 PM IST

    Here is why SP Tulsian is bullish on sugar stocks

    SP Tulsian of sptulsian.com, explains why he remains to be bullish on UP based sugar stocks. He also shares his thoughts on IRB Infra and why it may be a good idea for long-term investors. He also keeps a positive stance on NBFC stocks.

  • Spectrum auction enters 3rd round; max action in 1800 Mhz band Oct 01, 2016 03:52 PM IST

    Spectrum auction enters 3rd round; max action in 1800 Mhz band

    There is no activity yet in the premium 700 Mhz band, according to industry sources. Maximum activity is taking place in 1800 MHz band, especially for the Mumbai circle, they said, adding that 10 bids have been received in the 2100 MHz band for all the 10 slots on the offer.

  • Will try to trim RCom debt by 75% in 12 mths: Anil Ambani Sep 27, 2016 04:58 PM IST

    Will try to trim RCom debt by 75% in 12 mths: Anil Ambani

    Grappling with mountain of debt, Reliance Communications today said it is planning to pare the Rs 42,650-crore burden by up to 75 per cent over the next one year.

  • 2G court holds it has jurisdiction to try Aircel-Maxis matter Sep 18, 2016 12:56 PM IST

    2G court holds it has jurisdiction to try Aircel-Maxis matter

    The Aircel-Maxis deal "fairly and squarely falls within the description of 2G scam", a special court today said while holding that it has the jurisdiction to try the matter against ex-Telecom minister Dayanidhi Maran, his brother Kalanithi and others.

  • Rel Comm, Aircel to merge to create India's third-largest telco Sep 14, 2016 07:15 PM IST

    Rel Comm, Aircel to merge to create India's third-largest telco

    RCom and Maxis Communications Berhad (MCB) hold 50 per cent each in the merged entity with equal representation on the board and committees.

  • Reliance Communications-Aircel merger deal sealed: Sources Sep 14, 2016 06:16 PM IST

    Reliance Communications-Aircel merger deal sealed: Sources

    The much-anticipated merger deal between Reliance Communications and Aircel has been inked, sources have told CNBC-TV18, and an announcement is expected shortly.

  • RCom-Aircel merger likely to conclude next week: Sources Sep 09, 2016 12:31 PM IST

    RCom-Aircel merger likely to conclude next week: Sources

    The merger between Reliance Communications and Aircel is likely to conclude next week, reports CNBC-TV18‘s Kritika Saxena. According to people privy to the development, the term-sheet for the merger is ready and the deal will take about 5-6 months to complete.

  • Analyst: Reliance Jio's launch is good news... even for rivals Sep 02, 2016 09:29 AM IST

    Analyst: Reliance Jio's launch is good news... even for rivals

    The launch of Reliance Jio, thanks to its focus on cheap data plans, is going to significantly expand India's data market, leading to an opportunity even for its large rivals, says Suresh Mahadevan of UBS.

  • RComm-Aircel merger may conclude next week Jul 20, 2016 11:54 AM IST

    RComm-Aircel merger may conclude next week

    CNBC-TV18 learns that the two companies, in a 50-50 deal, will together infuse Rs 5,000 crore of equity funding in the merged entity.

  • RCom-Aircel deal likely to be announced shortly: Sources Jun 23, 2016 03:30 PM IST

    RCom-Aircel deal likely to be announced shortly: Sources

    The deal, which was supposed to take place in May, saw a month's lag time due to a disagreement over debt component. Both Reliance Communications and Aircel will transfer Rs 14,000 crore debt each to the new entity, reports Kritika Saxena of CNBC-TV18, quoting sources.

  • RComm, Aircel to close merger deal in next 8-10 days: Sources Jun 22, 2016 07:02 PM IST

    RComm, Aircel to close merger deal in next 8-10 days: Sources

    The companies will create a separate entity to house its wireless business and both Aircel and RComm will hold 50 percent stake in this new company.

  • Ex Aircel owner Sivasankaran enters app-based cabs biz with UTOO Jun 09, 2016 10:01 PM IST

    Ex Aircel owner Sivasankaran enters app-based cabs biz with UTOO

    The start-up, which will initially start its operations in the six metros, Pune and Jaipur aims to make home-office commute easy and comfortable.

  • Prefer Bharti Airtel; target price of Rs 385: IIFL Apr 11, 2016 09:13 AM IST

    Prefer Bharti Airtel; target price of Rs 385: IIFL

    With a presence in 22 circles, Bharti Airtel has a better footing than Reliance Jio, says GV Giri, IIFL Institutional Equities.

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