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Debt-laden Aircel has again come to news after Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities committed by the firm. The two other group entities -- Aircel Cellular and Dishnet Wireless are also under the SFIO lens.

&nbsp;

More trouble for debt-laden Aircel; company under SFIO scanner

IDBI Bank gave ex Aircel promoter C Sivasankaran another loan to recover an earlier one

American Tower Corporation (ATC) has revealed a big hit to its books due to its tenant mobile operator Aircel, which has filed for bankruptcy protection. The NYSE-listed firm, after performing an impairment test, has reduced the value of assets listed on its books by as much as $140 million (Rs 933 crore) due to Aircel.

Aircel files for bankruptcy, American Tower suffers $140 mn hit 

Aircel has&nbsp;been instructed to prepare a list of all prepaid subscribers ported out between December 1, 2017 and March 10, 2018 with details of the unspent balance against each account and the status of transfer of the amount.&nbsp;

Big relief, Aircel subscribers set to get their money back

On February 28, Aircel Ltd, along with Aircel Cellular Ltd and Dishnet Wireless Ltd had filed for bankruptcy at the NCLT, citing high unsustainable debt, price wars, and legal and regulatory challenges. 
&nbsp;

Aircel bankruptcy: At NCLT door, telco fails to pay 6000 employees over a whopping unpaid debt

“In these difficult times, the company seeks co-operation from all its stakeholders including the vendor fraternity and channel partners during the IBC process. The company requests continued services from the suppliers and partners for the ongoing business of the Company,” said Aircel. 
&nbsp;

Aircel files for bankruptcy at the National Company Law Tribunal 

The telecom firm is likely to file for bankruptcy at the National Company Law Tribunal.

Debt-laden Aircel expects things to get even 'more difficult'

Malaysian parent company Maxis, run by businessman Ananda Krishnan, had earlier proposed a cash infusion to support the debt-laden company.

Debt-laden Aircel to file for bankruptcy at NCLT 

RCom shares recovered over 100% in the last one week following an assurance from Anil Ambani, the owner of the company, that it will reduce debt

RCom's rise and fall, and the white knight

Eyeing opportunity in data space in Tier 2, 3 TN cities: Aircel

Push for Amazon's mobile wallet and mobile recharges on operator's network has now taken the form of cashback offers. We tell you all about it.

Airtel, Reliance Jio, Aircel partner with Amazon to offer cashback on mobile recharges

The Telecom Regulatory Authority of India (Trai) in direction to all telecom operators said that RCom on October 31, 2017 intimated it that "RCL (Reliance Communications Limited) shall provide only 4G data services to its customers and as a result will discontinue to provide voice services to the subscribers... with effect from 1st December 2017."&nbsp;

RCom to shut voice calls from Dec 1, subs can port till Dec 31

The Board of Directors of Reliance Communication has expanded its board by inducting senior executives.

Reliance Communications expands board; elevates Punit Garg to Executive Director

Only three operators -- Reliance Jio, Bharti Airtel and state-run BSNL -- reported subscriber additions in the month, while eight other operators including Idea Cellular and Vodafone, saw a decline.

Telecom subscriber base drops marginally to 121 crore

Six telcos underreported revenue by Rs 61,064.5 crore: CAG

Under the deal, Bharti Airtel was to acquire the spectrum of Videocon Telecommunications Ltd (VTL) in six circles. In this regard, both had entered into a definitive agreement last March.

Bharti Airtel's deals with Videocon, Aircel approved: CCI

Reliance Communications' (RCom) owner Anil Ambani announced on Wednesday that he&nbsp;has voluntarily decided to draw no salary or commission from the telecom company in the current financial year.

Anil Ambani announces to take no salary or commission from RCom in FY18

The&nbsp;telecom&nbsp;sector is currently Rs 3.60 lakh crore in&nbsp;debt&nbsp;is facing a lot of turmoil including degrading of companies by ratings agencies. Analysts speak about the causes and how&nbsp;Reliance Jio added to their problems.&nbsp; 
&nbsp;

Delay in plans to offset debt led telecom industry to crisis

Lenders have given us time till December, says RCom’s Anil Ambani

RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said. 
&nbsp;

Moody's, ICRA downgrade RCom over debt concerns

aircel

Debt-laden Aircel has again come to news after Serious Fraud Investigation Office (SFIO) is probing alleged financial irregularities committed by the firm. The two other group entities -- Aircel Cellular and Dishnet Wireless are also under the SFIO lens.
 

American Tower Corporation (ATC) has revealed a big hit to its books due to its tenant mobile operator Aircel, which has filed for bankruptcy protection. The NYSE-listed firm, after performing an impairment test, has reduced the value of assets listed on its books by as much as $140 million (Rs 933 crore) due to Aircel.

Aircel has been instructed to prepare a list of all prepaid subscribers ported out between December 1, 2017 and March 10, 2018 with details of the unspent balance against each account and the status of transfer of the amount. 

On February 28, Aircel Ltd, along with Aircel Cellular Ltd and Dishnet Wireless Ltd had filed for bankruptcy at the NCLT, citing high unsustainable debt, price wars, and legal and regulatory challenges.
 

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Aircel News- Zee Business provides latest news on Aircel, Aircel news Today, Top News on Aircel, update on Aircel Stay updated with business news, breaking news headlines.

Aircel

More trouble for debt-laden Aircel; company under SFIO scanner

IDBI Bank gave ex Aircel promoter C Sivasankaran another loan to recover an earlier one

Aircel files for bankruptcy, American Tower suffers $140 mn hit

Big relief, Aircel subscribers set to get their money back

Aircel bankruptcy: At NCLT door, telco fails to pay 6000 employees over a whopping unpaid debt

Aircel files for bankruptcy at the National Company Law Tribunal

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