The telco’s operations have been hurt by intense competition in a sector that has been a drag on the revenue and profitability of even the ...

Malaysian parent company Maxis had earlier proposed a cash infusion to support the debt-laden company but has pulled the plug, said one of ...

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.

Aircel will shortly inform the regulator and its subscribers of its decision to withdraw from these areas while continuing to provide servi...

GTL Infra, which is now majority owned by lenders under the strategic debt restructuring programme, is running a sale process as mandated b...

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...

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

A strategic debt restructuring program (SDR) is the only option left for the Malaysia’s Maxis-owned telco that cannot adopt the bankruptcy ...

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

The first phase of the broader deal could see MTS merge into RCom through a share-swap arrangement, talks for which are at an advanced stage

The company reached break-even last year, and is focussed on "profitable growth," chief marketing officer Anupam Vasudev said.

Aircel could become the second company to launch 4G services in India when it launches them in its established cities over the next 3-6 mon...

They are exploring a range of options, including a possible merger with Tata Teleservices as well as infusion of addition equity from Maxis...

Aircel will cut 12% of its workforce following its decision to reduce operations in five unprofitable regions amid surging costs and severe...

India, the world's fastest growing wireless market is proving to be a goldmine for foreign telecom companies having stakes in local venture...

Malaysia’s leading telecom service provider, Maxis Communications, will invest RM 1.7bn (Rs 2,200 crore) in the current financial year into...