Oct 23, 2018 10:13 AM IST
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
- Feb 28, 2018 05:39 PM IST
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.
- Oct 03, 2017 01:58 PM IST
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.
- Oct 01, 2017 07:24 PM IST
Rcom and Aircel Limited had signed binding agreements in September 2016 for the merger of Rcom's mobile businesses with Aircel
- Sep 15, 2017 08:55 PM IST
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.
- Mar 08, 2017 03:53 PM IST
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.
- Mar 01, 2017 11:01 AM IST
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.
- Feb 28, 2017 03:00 PM IST
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.
- Feb 21, 2017 03:40 PM IST
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.
- Feb 11, 2017 06:47 PM IST
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.
- Feb 03, 2017 10:42 AM IST
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.
- Jan 12, 2017 02:55 PM IST
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.
- Nov 22, 2016 08:29 PM IST
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.
- Oct 01, 2016 03:52 PM IST
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.
- Sep 27, 2016 04:58 PM IST
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.
- Sep 18, 2016 12:56 PM IST
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.
- Sep 14, 2016 07:15 PM IST
RCom and Maxis Communications Berhad (MCB) hold 50 per cent each in the merged entity with equal representation on the board and committees.
- Sep 14, 2016 06:16 PM IST
The much-anticipated merger deal between Reliance Communications and Aircel has been inked, sources have told CNBC-TV18, and an announcement is expected shortly.
- Sep 09, 2016 12:31 PM IST
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.
- Sep 02, 2016 09:29 AM IST
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.
- Jul 20, 2016 11:54 AM IST
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.
- Jun 23, 2016 03:30 PM IST
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.
- Jun 22, 2016 07:02 PM IST
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.
- Jun 09, 2016 10:01 PM IST
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.
- Apr 11, 2016 09:13 AM IST
With a presence in 22 circles, Bharti Airtel has a better footing than Reliance Jio, says GV Giri, IIFL Institutional Equities.