Aircel CEO quits, but will assist insolvency resolution on BankruptcyHeerjee will, continue to work with the insolvency resolution professional (IRP) to help the telco, which has filed for bankruptcy protecti...
02 May, 2018, 07.58 AM IST
Aircel lenders eye restart, new investorsAircel chief executive Kaizad Heerjee was absent from the meeting. Sources said he was overseas trying to arrange interim funding. Malaysia...
18 Apr, 2018, 08.32 AM IST
Aircel rushing to strike intra-circle roaming pacts to keep network goingIndustry insiders added that the chances of intra-circle roaming pacts happening also look slim, consider that the agreements also involve ...
28 Feb, 2018, 06.57 AM IST
Two top executives quit debt-laden AircelAircel is considering filing for bankruptcy in the NCLT, ET reported last Sunday, likely marking the demise of the last small mobile phone ...
26 Feb, 2018, 08.13 AM IST
5,000 Aircel staff to hit job street choked with ex-employees of shut telcosExecutive search firms, which have already received several resumes from Aircel employees, expect the number to shoot up post Aircel’s warn...
23 Feb, 2018, 08.49 AM IST
Network hit as demand for portability chokes AircelWith networks down for most part of Tuesday in Chennai, it was near-panic situation for subscribers who rushed to apply for mobile number p...
22 Feb, 2018, 11.41 AM IST
Aircel warns staff to brace for ‘difficult’ times aheadThe 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 ...
21 Feb, 2018, 08.46 AM IST
Aircel likely to go for debt restructuringA strategic debt restructuring program (SDR) is the only option left for the Malaysia’s Maxis-owned telco that cannot adopt the bankruptcy ...
02 Oct, 2017, 10.37 AM IST
We support RCom-Aircel merger, but timely payments are a concern: Manoj Tirodkar,Chairman, GTL groupAircel itself has had turbulent times along with the Indian telecom space and I admire Kaizad Heerjee (Aircel CEO) for their effective turn...
22 Aug, 2017, 10.28 AM IST
Kaizad Heerjee may get two-year extension as RCOM, Aircel hold merger talksHeerjee has been offered a two-year extension on his contract, two people familiar with the negotiations said. Heerjee declined to comment ...
28 Jun, 2016, 05.14 AM IST
Reliance Communications expecting to shortly sign a merger deal with AircelRCom will demerge its wireless business and merge it with the existing unlisted Aircel, with promoters of both sides owning 50% each in the...
24 Jun, 2016, 05.12 AM IST
Reliance Communications, Aircel combined entity to have Rs 25K crore business"The deal is almost in final stage. The merger should be announced within 10-15 days. The resultant entity will have revenue of Rs 25K cr f...
23 Jun, 2016, 11.05 PM IST
Tough market forces CEO churn in consumer-facing companiesAt least 16 high profile CEOs from three consumer facing industries — FMCG, automotive and telecom — switched jobs in 2013.
28 Dec, 2013, 05.14 PM IST
Reliance Communications ties up with Aircel to cut capital expenditureThe company, through these pacts, can cut capital expenditure of around Rs 1,200 crore, said the company’s wireless operations’ chief.
30 Apr, 2013, 05.01 AM IST