Aircel Maxis

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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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