Aircel Maxis

December 18th, 2017 1:57 PM 106 COMMENTS

Maxis Reportedly Looking to Invest Another $1.1 Billion in Aircel Going Forward

Struggling telecom operator Aircel's move to not look for any consolidation or sell off the business could pay off very soon as Malaysia's Maxis Bhd is still committed to investing in its loss-making entity Aircel. So far, the Ananda Krishnan-led Maxis has invested $7 billion since starting the services, but the company is yet to make any returns. A report from Economic Times says that "Maxis may invest at least... Read More

May 30th, 2013 11:08 AM 19 COMMENTS

Maxis to Invest 5K Cr in Aircel, Wants to Shred 4G off by Selling Spectrum

After the failure of potential sale or merger plans with Sistema Shyam Teleservices and Tata Teleservices, Aircel's parent company Maxis Communications of Malaysia is planning to sell its BWA spectrum to reduce its debt and operational cash crisis. Aircel has scaled down services in 6 circles, and providing 3G/HSPA services in 13 circles. Reported by Times of India, the sale of BWA spectrum won by Aircel in 2010 auction in... Read More

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