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Arpit Sharma December 14th, 2018 11:42 AM 7 COMMENTS

Aircel Approaches SC Demanding Rs 453 Crore Worth of Bank Guarantees from DoT and Airtel

In the latest turn of events, the insolvent telco owned by Malaysia’s Maxis, Aircel has approached the Supreme Court and filed an appeal saying that neither the Department of Telecommunications and nor Bharti Airtel has obliged by the November 28 order and returned the Rs 453 crores worth of bank guarantees. The telco said that the same amount could be paid in cash by the two parties, and in the... Read More

Chakri K September 20th, 2018 4:02 PM 20 COMMENTS

Bharti Airtel, Reliance Jio and Investment Firms Finish Bidding for Aircel Assets Sale

Malaysia’s Maxis owned, Aircel had to face the tough front of insolvency this year after facing brutal competition from the entry of Reliance Jio Infocomm into the market in 2016. Now to pare off its debt to financial and operational creditors, the company is looking forward to selling its assets to the highest bidder. Among the takers for Aircel assets, Bharti Airtel, Reliance Jio, Sterlite Technologies and two other investment... Read More

Chakri K August 14th, 2018 7:28 PM 2 COMMENTS

Aircel Knocks on Supreme Court Doors Asking for Repayment of Rs 453 Crore from Airtel

Aircel, the bankrupt telco has moved Supreme Court to ask Airtel to pay a sum of Rs 453 crore for 4G spectrum purchased in 2016. The insolvent carrier owned by Malaysian Maxis has filed a petition in the Supreme Court for the same. It’s notable that post its bankruptcy, Aircel was caught in a tight spot because of lack of cash reserve and it wasn’t able to pay its 3,000... Read More

Arpit Sharma July 4th, 2018 4:24 PM 9 COMMENTS

Aircel Decides Against Selling of Assets, Might face Liquidation

Things seem to be growing tougher for the already bankrupt telco Aircel. The telecom operator went bankrupt due to immense competition in the market and has since then not been able to recover from the losses. Also, another news has surfaced now which points out that the insolvent telco doesn’t hold intentions of selling off its scrap and optic fibre assets to pile up salaries for its employees. Ever since... Read More

Chakri K July 3rd, 2018 4:50 PM 37 COMMENTS

Over 83% of Aircel Subscribers Migrated to Airtel in Jammu and Kashmir

Bharti Airtel has achieved a new milestone in Jammu and Kashmir recently. Airtel now has over 5 million subscribers in J&K region, following the successful migration of Aircel subscribers. A new report from PTI states that Airtel added more than 83% of Aircel subscribers in the region and as a result, its subscriber base has grown bigger in recent times. For the uninitiated, telecom operator Aircel filed for bankruptcy at... Read More

Arpit Sharma June 25th, 2018 1:08 PM 6 COMMENTS

Telecom Department Unable to Recover Debt Upwards of Rs 6,000 Crore from Aircel

Aircel, the debt-laden bankrupt telco is right now going through a big crisis as it is struggling to pile up cash for repaying its dues. As a result, the Department of Telecommunications (DoT) has also given up on any chances of recovering a massive amount of Rs 6,000 crore along with any interest from the insolvent telecom operator. The Department is serious of the thought that the debt-ridden giant which... Read More

Arpit Sharma June 20th, 2018 6:42 PM 17 COMMENTS

BSNL Opts for Legal Pathway In Order to Recover Rs 42 Crore from Aircel

BSNL is gearing up for a legal battle in order to recover its dues from the bankrupt telco, Aircel. Joining the likes of Idea Cellular and Vodafone India, the telco is making attempts left, right and centre to receive the leftover payment which the bankrupt entity has strung along. However, BSNL is not the only one. The state-owned telco is seeking legal opinion to recover Rs 42 crore from Aircel.... Read More

Arpit Sharma June 18th, 2018 1:16 PM 4 COMMENTS

Aircel and RCom Distributors in Distress as Telcos Delay Repayment

After the debt-ridden telecom giants, Aircel and Reliance Communications (RCom) hit the wall of poor financials, distributors of these telcos have alleged that they have not been paid appropriately and the payment that they have received is a fraction of what the original dues are. The Anil Ambani led telco has asked its distributors to wait for a couple of weeks while the company hastens the process of settlement. On... Read More

Chakri K May 2nd, 2018 4:48 PM 17 COMMENTS

Aircel Now Officially Allowing Users to Generate UPC Via its Website

Aircel users, who're yet to port out from the network has a good news as the telco is now officially allowing them to generate Unique Porting Code from its website. The telco, which filed for bankruptcy a while back has been plagued with UPC generation issues as a massive number of subscribers across the country tried to generate codes at the same time. Aircel before filing bankruptcy approached Trai to... Read More

Rudradeep Biswas April 24th, 2018 10:57 AM 18 COMMENTS

Aircel Directed by Trai to Refund Security Deposits of Users

Trai is again tightening the noose on Aircel’s working. This time the regulator has asked the already bankrupt company to refund security deposits of all postpaid subscribers and to submit a compliance report by May 10. Besides that, the telecom company has also been guided to compile a list of all the customers who have ported to another network along with the unspent balance of these customers. To accomplish this... Read More

Chakri K April 18th, 2018 10:36 AM 4 COMMENTS

Aircel Lenders Looking to Restart Mobile Business With New Investors

Last month Aircel India filed for bankruptcy, but it seems the firm may yet revive again. Aircel’s committee of creditors is considering an option to restart the company’s mobile phone operations in few select circles and looking for funding from investors other than promoters, sources familiar with the matter told ET. A person attending the meeting of that Aircel’s committee of creditors (CoC) said they are already in discussions as... Read More

Rudradeep Biswas April 16th, 2018 1:36 PM 23 COMMENTS

Bharti Airtel Added 3.2 Million Aircel Customers in Tamil Nadu

Leading telecom operator Bharti Airtel has managed to grab 3.2 million Aircel customers in Tamil Nadu since the latter's struggles in the market. While Airtel managed to grab a large number of Aircel subscribers, state-tun teleco Bharat Sanchar Nigam Limited (BSNL) added over 8 lakh Aircel subscribers. Vodafone India has reportedly added 2.7 million Aircel subscribers on to its growing subscribing list. Aircel has over 80 million subscribers in the... Read More