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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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Indian equity markets open flat, Sensex up 18 points

Indian equity markets open flat, Sensex up 18 points

Thu, Sep 15, 2016

Indian equity markets opened flat on Thursday with BSE Sensex up 0.09% to 28,415 points and NSE Nifty 50 to 0.2% at 8,739.85 points.

Aircel Merger: Reliance Communications shares in red after a positive opening

Aircel Merger: Reliance Communications shares in red after a positive opening

Thu, Sep 15, 2016

"We expect this combination to create substantial long term value for shareholders of both, RCOM and MCB, given the benefits of the wide-ranging spectrum portfolio and significant revenue and cost synergies," Reliance Communication`s chairman Ambani said in a statement.

RCom, Aircel will merge to create India's fourth largest telecom company

RCom, Aircel will merge to create India's fourth largest telecom company

Wed, Sep 14, 2016

Anil D. Ambani, Chairman, Reliance Group, said "Together with our partners, MCB, we are delighted to have taken the lead in consolidation of the Indian telecom sector, first, with RCOM’s acquisition of the wireless business of SSTL (Sistema / MTS), and now, with the combination of our business with Aircel Ltd. in a 50:50 Joint Venture with MCB.”

Telecom operators submit their application for mega spectrum auction

Telecom operators submit their application for mega spectrum auction

Wed, Sep 14, 2016

It will be largest ever spectrum auction in which the Government of India plans to sell a record of 2,354 MHz of mobile airwaves across seven bands at the upcoming auctions.

PMO will not intervene in Reliance Jio, COAI dispute

PMO will not intervene in Reliance Jio, COAI dispute

Tue, Aug 23, 2016

The latest development in the ongoing dispute between Reliance Jio (RJio) and the Cellular Operators' Association of India (COAI), the Prime Minister's Office (PMO) has said that it will not intervene in the matter and will ask both parties to go to telecom regulator TRAI for dispute resolution,

Bharti Airtel one step closer in 4G Spectrum deal with Aircel; shares flat

Bharti Airtel one step closer in 4G Spectrum deal with Aircel; shares flat

Fri, Aug 12, 2016

In April this year, Airtel decided to buy Aircel Cellular's 20 MHz 2300 Band BWA spectrum in eight circles.

Watch top 5 market stories of the day; From Nifty closes above 8,500-mark to L&T Infotech's IPO on July 21

Watch top 5 market stories of the day; From Nifty closes above 8,500-mark to L&T Infotech's IPO on July 21

Wed, Jul 20, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five market stories of the day: 1. Markets close at fresh closing highs of 2016

CAG report: DoT issues demand notices to six telecom companies

CAG report: DoT issues demand notices to six telecom companies

Tue, Jul 19, 2016

The notices sent are for one circle and DoT is expected to send notices for all circles within two months, the source added.

CAG Report: PAC calls meeting of telecom CEOs to explain unaccounted Rs 46,000 crore revenues

CAG Report: PAC calls meeting of telecom CEOs to explain unaccounted Rs 46,000 crore revenues

Tue, Jul 12, 2016

The Public Accounts Committee (PAC) has announced that it has called for a meeting with the CEO's of the six telecom companies to explain underreporting of revenue on Wednesday, July 13, Zee Business correspondent Aseem Manchanda reports.

L&T Infotech IPO rises 80% on its first day of launch | Buzzing News

L&T Infotech IPO rises 80% on its first day of launch | Buzzing News

Mon, Jul 11, 2016

L&T Infotech IPO rises 80% on its first day of launch. Watch complete news story of Buzzing News and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

WATCH: Top 5 stories of the day; From markets at 11-month high to govt's nod to Airtel-Aircel 4G deal

WATCH: Top 5 stories of the day; From markets at 11-month high to govt's nod to Airtel-Aircel 4G deal

Mon, Jul 11, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of the day: 1. Markets at 11-month high, midcap index at record high

Telecom Ministry clear Rs 3500 crore Airtel-Aircel 4G spectrum deal

Telecom Ministry clear Rs 3500 crore Airtel-Aircel 4G spectrum deal

Mon, Jul 11, 2016

Along with Airtel, Aircel and RCom are in talks to merge their mobile business into a combined entity taking 19.3% of total spectrum allocated to the industry.

RCom expect to announce merger with Aircel soon

RCom expect to announce merger with Aircel soon

Thu, Jun 23, 2016

It said however that any transaction will be subject to regulatory, shareholders' and other third party approvals.

This is how telecom companies are cheating call drop tests

This is how telecom companies are cheating call drop tests

Tue, Jun 21, 2016

Trai has found RLT level of 40 units being used by most of the telecom operators.

Reliance Communications, Aircel merger talks extended again by 30 days

Reliance Communications, Aircel merger talks extended again by 30 days

Sat, May 21, 2016

On March 22, both the companies again extended the discussion period by another 60 days.

Auction of 700Mhz spectrum is presumable

Auction of 700Mhz spectrum is presumable

Thu, Apr 21, 2016

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