One of the operational creditors, which filed to be party to the case to protect its dues of almost Rs 1,000 crore, has been allowed to lod...

Vijay Iyer of consultancy firm Deloitte Haskins & Sells has been nominated as insolvency resolution professional (IRP) from Aircel's side t...

Sivasankaran started the telecom firm in 1999, launching services initially in Tamil Nadu. In 2005, he sold it to Malaysia-based Maxis Comm...

Aircel said its talks with lenders and shareholders failed to yield a consensus on restructuring its Rs 15,500-crore debt and getting fundi...

The banks will now take shares in Aircel to replace their loans and may recover their dues in an eventual sale of assets or of the company.

Based on recent deal-making in telecom towers, media reports said GTL was expecting the bidders to value the company at around Rs 15,000 cr...

As a result, rating agency CARE-which put Aircel's long term bank facilities to Rs 17479 crore, downgraded the telco to a default (D) grade...

Representing the company, senior counsel told tribunal at a hearing that RCom is also in talks to address major lender China Development Ba...

Aircel had sourced equipment from Chinese vendors such as Huawei and ZTE, which are backed by loans from the Chinese banks like CDB.

ET has seen a copy of the petition. Sivasankaran confirmed that the plea had been filed but declined to comment further.

Bankers say nearly Rs 30,000-crore debt will become unserviceable if the apex court cancels the telco’s licence.

RCom will separate its wireless business and merge it with the existing unlisted Aircel, with promoters of both sides owning 50% each in th...

On subsequent recharging, the loan value, credited to the customer’s account, will be deducted along with a convenience fee.

"It has sought to change the terms of Rs 23,000-24,000 crore of loans for which repayment starts in January."

The finance ministry has asked Aircel to submit details of its bank accounts, loans and other remittances it had obtained in the form of fo...

Aircel Cellular, the Indian arm of Malaysian telecom giant Maxis Communications, has raised a debt of $3 billion (Rs 14,300 crore) for expa...

Aircel, in which Malaysia’s Maxis Communications holds 74% block holding, has decided to raise $1.6 billion (Rs 6,400 crore) in short-term ...