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Aircel

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

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

Thu, Jun 14, 2018

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.

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

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

Fri, May 04, 2018

Amid the Central Bureau of Investigation (CBI) probe of IDBI Bank’s loans to C Sivasankaran, former promoter of Aircel, it has emerged that the bank had extended a loan of $72 million to the latter in a hope of recovering earlier loans.

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

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

Thu, May 03, 2018

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.

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Reliance Jio is now officially the fourth largest telecom company in India, grabs 10% share

Reliance Jio is now officially the fourth largest telecom company in India, grabs 10% share

Fri, May 19, 2017

Newcomer Reliance Jio has garnered 9.29% of the telecom market share, as per TRAI data. Its new subscriber additions in March were over 58 lakh and it took its total subscriber base to 10.86 crore.

Reliance Communication receives shareholder approval to demerge wireless business with Aircel

Reliance Communication receives shareholder approval to demerge wireless business with Aircel

Mon, Apr 24, 2017

Reliance Communication on Monday announced that it has received majority of its shareholders’ approval for the demerger of its wireless business into Aircel Ltd.

Subscriber base of 6 telcos rises 2.27 million in February

Subscriber base of 6 telcos rises 2.27 million in February

Fri, Mar 24, 2017

"...The number of mobile phone subscribers showed an increase to 817.42 million in February 2017. The net increase in subscriber base is 2.27 million in the month of February," the Cellular Operators Association of India said in a statement.

After Sebi, now CCI gives nod to RCom-Aircel merger

After Sebi, now CCI gives nod to RCom-Aircel merger

Mon, Mar 20, 2017

RCom said, “The company has received an approval of the CCI for the proposed scheme of arrangement for demerger of wireless division of Rcom into Aircel Limited and Dishnet Wireless Limited (the scheme).”

Spectrum or subscribers? The real reason why Airtel bought Telenor

Spectrum or subscribers? The real reason why Airtel bought Telenor

Fri, Feb 24, 2017

Sudden intense competition in the already saturated telecom market in India has led to Bharti Airtel’s acquisition of Telenor’s India operations.

Reliance Jio: 7th largest operator; net additions in December beat all other networks combined

Reliance Jio: 7th largest operator; net additions in December beat all other networks combined

Mon, Feb 20, 2017

Reliance Jio’s net additions in December was the highest among all other networks adding 20,281,930 (over two crore) subscribers to its wireless base. Its growth rate was 39.10% as per TRAI data.

Tata Tele likely to join hands with Rcom-Aircel and MTS, says report

Tata Tele likely to join hands with Rcom-Aircel and MTS, says report

Mon, Feb 20, 2017

Since Jio's entry in September last year, the telecom operators are finding difficult to maintain their market share and churn profits.

Supreme Court temporarily bars Aircel from selling airwaves

Supreme Court temporarily bars Aircel from selling airwaves

Fri, Jan 06, 2017

The Supreme Court (SC) on Friday halted mobile phone carrier Aircel from selling its airwaves over an ongoing case of alleged corruption, potentially delaying a proposed deal with rival Reliance Communications (RCom).

MS Dhoni quits as captain of Indian cricket team but his 'brand value' has been diminishing since 2014

Thu, Jan 05, 2017

As Dhoni quits as captain of the ODI and T20 cricket team, brands have already started walking off his pitch as the end of his cricketing career approaches.

Year of consolidation: Top five mergers and acquisitions in Indian businesses in 2016

Year of consolidation: Top five mergers and acquisitions in Indian businesses in 2016

Thu, Dec 29, 2016

From e-commerce space to the energy sector, India Inc 2016 saw a lot of mergers and acquisitions as companies changed gears to consolidate their businesses. Top five deals of the year are as follows: 1. Myntra & Jabong

Debt servicing: Reliance Communications sells tower business to Brookfield Infra for Rs 11,000 crore

Debt servicing: Reliance Communications sells tower business to Brookfield Infra for Rs 11,000 crore

Wed, Dec 21, 2016

KEY HIGHLIGHTS: RELIANCE COMMUNICATIONS SIGNS BINDING AGREEMENTS WITH BROOKFIELD INFRASTRUCTURE AND ITS INSTITUTIONAL PARTNERS FOR SALE OF ITS TOWERS BUSINESS

Telecom customer base rises nearly 2% to 1074 million with Reliance Jio entry in Sept:Trai

Telecom customer base rises nearly 2% to 1074 million with Reliance Jio entry in Sept:Trai

Sat, Dec 10, 2016

Cutting short two months of decline, telecom subscriber base rose by 1.98% to 1074.24 million in the country at September-end mainly boosted by the formal launch of services by newcomer Reliance Jio.

Spectrum Auction: Bids rise to Rs 63,500 crore till day 4

Spectrum Auction: Bids rise to Rs 63,500 crore till day 4

Wed, Oct 05, 2016

This spectrum auction is expected to fetch bids worth Rs 5.63 lakh crore.

Spectrum Auction: Govt received additional Rs 4,100 crore bids on day 3

Spectrum Auction: Govt received additional Rs 4,100 crore bids on day 3

Tue, Oct 04, 2016

This spectrum auction is expected to fetch bids worth Rs 5.63 lakh crore.

Spectrum Auction: Govt received bids worth Rs 56,792 crore on day 2

Spectrum Auction: Govt received bids worth Rs 56,792 crore on day 2

Mon, Oct 03, 2016

This spectrum auction is expected to fetch bids worth Rs 5.63 lakh crore.

Spectrum Auction: RCom, Aircel to bid separately, 5 others also in fray

Spectrum Auction: RCom, Aircel to bid separately, 5 others also in fray

Fri, Sep 23, 2016

Telecom operators Reliance Communications (RCom) and Aircel, which announced their merger about a week ago, will bid separately in the upcoming mega-spectrum auction where all the seven applicants have made it to the final list of bidders.

Can RCom and Aircel disrupt India's telecom market?

Can RCom and Aircel disrupt India's telecom market?

Fri, Sep 16, 2016

Tanu Sharma, Associate Director of India Ratings said, "The merger of the wireless business of RCom with Aircel is a key milestone in the ongoing consolidation in the telecom sector."

Telcos deposit Earnest Money for spectrum auction, RJio leads with Rs 6,500 crore

Telcos deposit Earnest Money for spectrum auction, RJio leads with Rs 6,500 crore

Fri, Sep 16, 2016

Telecom companies have deposited Earnest Money (EM) for the upcoming spectrum auction, sources told Zee Business.

Moody's places RCom's Ba3 rating under review for downgrade

Moody's places RCom's Ba3 rating under review for downgrade

Thu, Sep 15, 2016

Moody's placed under "review for downgrade" the credit rating of Reliance Communications (RCom) on Thursday, a day after RCom's announcement to merge its wireless telecom business with smaller rival Aircel.

RCom to transfer its wireless business Reliance Telecom to Aircel

RCom to transfer its wireless business Reliance Telecom to Aircel

Thu, Sep 15, 2016

It said in a statement,”The demerger and vesting of the wireless business undertaking of Rcom and RTL to Aircel and DWL will provide in opportunity to strenghten their telecom folder in terms of shareholder, equity and customer base.”

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