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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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, … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
BSNL has caught a whiff of fraudulent activities by the staff of Aircel and has taken the required step of going to the Telecom Enforcement, Resource and Monitoring (TERM) Cell in Chennai. BSNL is also seeking assistance from Trai and is planning to take the matter to the regulator if … Read More
This is the second time in the week that a report relating to Aircel has surfaced which talks about another telecom operator approaching the already bankrupt company to recover their dues. This time it happens to be the government-run entity, BSNL who has approached the Communications Ministry in a plea … Read More
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