Aircel News

Ven Ajahn Siripanyo has been living the monastic life for more than 20 years. At the moment, he oversees the Thailand-based Dtao Dum Monastery. Siripanyo is also believed to be able to speak up to eight different languages with ease.

The National Company Law Appellate Tribunal (NCLAT) has dismissed the telecom department's plea citing delay in appeal against the NCLT order which held that the spectrum and licence of debt-ridden Aircel cannot be taken away during the insolvency resolution period.

Telecom firms have to routinely furnish bank guarantees to meet their contractual commitments.

State-owned BSNL too joined adding Aircel customers saying it registered more than one lakh customers of Aircel opting its network.

Aircel has filed for bankruptcy saying high debt and mounting losses, following a price war triggered by a new entrant, have led the company to troubled times.

Know the top 10 updates on Aircel bankruptcy.

Aircel, 74 per cent owned by Malaysia's Maxis Communications Bhd, first tried a merger with Reliance Communications Ltd but the plan failed.

Trai has also asked Aircel not to reject any porting-out request of its subscribers whose activation of mobile number in the "network of Aircel Group is of less than 90 days

Aircel has reportedly warned its employees to be ready for “difficult” times ahead in the wake of funding crunch.

Customers of telecom service provider Aircel in Chennai are facing a tough time as they are rushing to apply for mobile number portability amidst reports of closure of the company's services

Aircel may soon file for bankruptcy at the National Company Law Tribunal (NCLT).

The lenders are scheduled to meet on Tuesday to decide on appointments and the future course of action.

Idea said it will restore interconnect services immediately after Aircel makes the payment, but did not specify the outstanding amount.

The order also approved withdrawal of demerger of tower business of Reliance Infratel to Towercom Infrastructure, the filing said.

On Sunday, RCom announced that the agreement had lapsed owing to legal and regulatory uncertainties, objections by interested parties and delays in receiving relevant approvals.

Moody's had downgraded the credit rating of RCom to 'Ca' from 'Caa1' in June 2017.

Singh joined RCom from Aircel and has been with the firm for the past 6 years. Manikantan has been with the company for the last 22 years and has held several senior positions.

The board decided that RCom will evaluate an alternative plan for its mobile business, through optimisation of its spectrum portfolio and adoption of a 4G focused mobile strategy.

He said COAI's responsibilities included ensuring facts are placed on record to inform the discourse.