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Aircel Ltd. was an Indian mobile network operator headquartered in Mumbai that offered voice and 2G and 3G data services. Maxis Communications held a 74% stake and Sindya Securities and Investments held the remaining 26%. [4] Aircel was founded by Chinnakannan Sivasankaran and commenced operations in Tamil Nadu in 1999.
May 24, 2024 · Aircel founder C Sivasankaran says today's India not like what it was decade ago. Aircel's journey in India was fraught with challenges, including fierce competition and regulatory hurdles....
Jan 30, 2018 · KUALA LUMPUR (Jan 30): Aircel Ltd, controlled by Malaysian tycoon Tan Sri Ananda Krishnan, has entered into a strategic debt restructuring (SDR) process after initially-reluctant lenders led by State Bank of India agreed to convert Aircel's debt into equity, The Economic Times reported, quoting, ...
The Aircel-Maxis deal came under the scanner in 2011 when Chinnakannan Sivasankaran alleged that he was pressured to sell his stake to Maxis Berhad.
Feb 28, 2018 · MUMBAI: Indian mobile carrier Aircel Ltd filed for bankruptcy on Wednesday, pressured by a high debt pile and mounting losses following a price war triggered by a telecom upstart.
PETALING JAYA: Aircel Ltd, the debt-laden Indian mobile network operator based in Gurgaon and 74% owned by Maxis Communications Bhd, will be filing for bankruptcy at the National Company Law ...
Mar 1, 2018 · Aircel, the sixth largest telecom operator in India, has shut down services in six circles and filed for insolvency in NCLT. The company blamed intense competition, legal and regulatory challenges, and unsustainable debt for its financial distress.
