Aircel

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2d
asianage
Indian telecom consolidation continues with Bharti-Tata deal: Fitchlenders until end-2017 to provide time for the company to reduce its $7 billion
asianage / Posted 2 days ago
lenders until end-2017 to provide time for the company to reduce its $7 billion in debt. However, it cancelled a deal with Aircel to merge wireless operations, citing regulatory and competitive reasons. Both Rcom and Aircel are short of sources of... Read more
4 related articles
4d
The Economic Times
NCLT approves withdrawal of RCom, Aircel merger dealOctober 13, 2017 approving withdrawal of ... the Scheme of Arrangement between
The Economic Times / Posted 4 days ago
October 13, 2017 approving withdrawal of ... the Scheme of Arrangement between the Company, Reliance Telecom Limited (RTL), Aircel Limited, Dishnet Wireless Limited, Deccan Digital Networks Private Limited, South Asia Communications Private Limited... Read more
4d
Business Standard India
NCLT approves withdrawal of RCom-Aircel mergerOctober 13, 2017 approving withdrawal of ... the Scheme of Arrangement between
Business Standard India / Posted 4 days ago
October 13, 2017 approving withdrawal of ... the Scheme of Arrangement between the Company, Reliance Telecom Limited (RTL), Aircel Limited, Dishnet Wireless Limited, Deccan Digital Networks Private Limited, South Asia Communications Private Limited... Read more
5d
asianage
Tata Tele deal to help Airtel match Voda-Ideaits strategy of acquiring spectrum from smaller players, as they have done in r
asianage / Posted 5 days ago
its strategy of acquiring spectrum from smaller players, as they have done in recent past in transactions with Telenor, Aircel, Qualcomm, Videocon and Augere wireless”. The transaction will contribute to positive EBITDA within a few quarters of... Read more
29 related articles
5d
The Economic Times
Airtel-Tata Teleservices deal unchains the bullsTata Tele deal, coming on the heels of Airtel’s buyout of Telenor India and an
The Economic Times / Posted 5 days ago
Tata Tele deal, coming on the heels of Airtel’s buyout of Telenor India and an earlier spectrum trading deal with Aircel, will allow India’s top phone company “to make it difficult for Jio to continue with its disruptive pricing,” Rajiv... Read more
29 related articles
5d
Gulf News
Billionaire gets Tata’s 40m users in ‘cash free’ dealthat it would sell its India unit to current market leader Bharti. Reliance Com
Gulf News / Posted 5 days ago
that it would sell its India unit to current market leader Bharti. Reliance Communications Ltd had planned to merge with Aircel Ltd but that deal fell apart in early October.The industry overhaul may be far from over.“The telecom sector is... Read more
29 related articles
5d
The Economic Times
Tata telco buy to help Airtel catch up with Idea-Vodafone: Expertsits strategy of acquiring spectrum from smaller players, as they have done in r
The Economic Times / Posted 5 days ago
its strategy of acquiring spectrum from smaller players, as they have done in recent past in transactions with Telenor, Aircel, Qualcomm, Videocon and Augere wireless". The transaction will contribute to positive EBITDA within a few quarters of... Read more
29 related articles
6d
Business Standard India
How Tatas made the wrong calls in telecomand the speed at which the joint venture needed to move. Various aborted attemp
Business Standard India / Posted 6 days ago
and the speed at which the joint venture needed to move. Various aborted attempts to sell the business were made, once to Aircel and then to Vodafone. Despite launching 3G services in 2010, ahead of the others, Tata Teleservices was not able to... Read more
6d
The Economic Times
India's telecom industry undergoing transition over the yearsS Tel) exit India following licence cancellations in the2G case 16 players : B
The Economic Times / Posted 6 days ago
S Tel) exit India following licence cancellations in the2G case 16 players : Bharti Airtel, Vodafone India, Idea Cellular, Aircel, Reliance Communications, Spice Comm, BPL Mobile, Tata Teleservices, Shyam Telelink (now: Sistema Shyam Teleservices),... Read more
7d
The Economic Times
Billionaire Kumar Mangalam Birla may tap financial markets as India's telecom wars worsenrestart payments to lenders and is racing to sell its spectrum and real-estate
The Economic Times / Posted 7 days ago
restart payments to lenders and is racing to sell its spectrum and real-estate assets to reduce debt. A planned merger with Aircel Ltd. collapsed earlier this month, bogged down by delays and lawsuits. Consolidation in the Indian mobile industry is... Read more
6 related articles
7d
Business Standard India
Tower companies follow in operators' footsteps with consolidationto Canada-based Brookfield. The deal, however, will be renegotiated as Reliance
Business Standard India / Posted 7 days ago
to Canada-based Brookfield. The deal, however, will be renegotiated as Reliance Communications has scrapped its merger with Aircel. The deal with Brookfield was based on tenancies of Aircel-RCom combine. Analysts feel the valuation may be lower than... Read more
3 related articles
8d
Business Standard India
Tata Teleservices (Maharashtra), RCom, Dena Bank hit 52-week lowsMumbai and Maharashtra circles. On October 1, 2017, RCom announced that the me
Business Standard India / Posted 8 days ago
Mumbai and Maharashtra circles. On October 1, 2017, RCom announced that the merger agreement of its mobile business with Aircel, signed in September 2016, had lapsed, owing to legal and regulatory uncertainties, interventions by vested interests,... Read more
9d
The Economic Times
NCLT to consider November 2 admitting TechM insolvency petition against RCompetition for a recovery of Rs 8.2 crore from the Anil Ambani owned telco and it
The Economic Times / Posted 9 days ago
petition for a recovery of Rs 8.2 crore from the Anil Ambani owned telco and its two units, few days after Rcom’s deal with Aircel was called off. The quality of service and amounts billed are disputed, RCom said in a regulatory filing terming the... Read more
3 related articles
10d
The Economic Times
What changed your market while you were sleepingthe Anil Ambani-led telco looking to cut its. 47,000-crore plus debt via altern
The Economic Times / Posted 10 days ago
the Anil Ambani-led telco looking to cut its. 47,000-crore plus debt via alternate asset sales after its merger with Aircel was scrapped. North Korea planning another nuke test? With North Korea gearing up to mark a major anniversary this... Read more
10d
The Economic Times
Top stocks in focus on 9 October 2017the Anil Ambani-led telco looking to cut its . 47,000-crore plus debt via alter
The Economic Times / Posted 10 days ago
the Anil Ambani-led telco looking to cut its . 47,000-crore plus debt via alternate ` asset sales after its merger with Aircel was scrapped. Jaiprakash Associates: The company said its board had approved the transfer of certain assets and... Read more
10d
The Economic Times
GTL Infra’s lenders bar Reliance Capital arm from bidding for its tower assetsthe “expression of interest” is accepted from the suitor. “That (expression of
The Economic Times / Posted 10 days ago
the “expression of interest” is accepted from the suitor. “That (expression of interest to buy GTL Infra) was before the Aircel deal fell through. Now, RCom first needs to get its house in order before looking at buying assets,” said a person... Read more
3 related articles
11d
Business Standard India
TechM files petition against RCom over duesCommunications, which is reeling under a debt burden of about Rs 46,000 crore,
Business Standard India / Posted 11 days ago
Communications, which is reeling under a debt burden of about Rs 46,000 crore, recently called off merger talks with Aircel, citing “legal and regulatory” delays. RCom and Aircel had signed binding agreements in September 2016 for the merger... Read more
3 related articles
11d
The Economic Times
Tech Mahindra files petitions against Reliance Communications, subsidiaries over duesCommunications, which is reeling under a debt burden of about Rs 46,000 crore,
The Economic Times / Posted 11 days ago
Communications, which is reeling under a debt burden of about Rs 46,000 crore, recently called off merger talks with Aircel, citing "legal and regulatory" delays. RCom and Aircel had signed binding agreements in September 2016 for the merger... Read more
3 related articles
11d
The Economic Times
RCom debt may translate into 50% haircut for banks: Goldman Sachsthe Anil Ambani-led telco looking to cut its . 47,000-crore plus debt via alter
The Economic Times / Posted 11 days ago
the Anil Ambani-led telco looking to cut its . 47,000-crore plus debt via alternate ` asset sales after its merger with Aircel was scrapped. The US brokerage, however, said the Indian banking system is unlikely to be derailed by stress in the... Read more
12d
The Economic Times
Tower companies pare service to RCom on rental defaultsroaming pacts with other telcos and spectrum sharing with Reliance Jio. Rcom, w
The Economic Times / Posted 12 days ago
roaming pacts with other telcos and spectrum sharing with Reliance Jio. Rcom, which recently scrapped its merger deal with Aircel, is facing a slump in revenue, mounting losses, a shrinking subscriber base and debt of nearly Rs 47,000 crore. It... Read more
41 related articles
12d
The Economic Times
HSBC maintains underweight recommendation on RComcomes after Reliance Communications on October 1 announced the termination of t
The Economic Times / Posted 12 days ago
comes after Reliance Communications on October 1 announced the termination of the merger between its wireless business and Aircel. Reliance Communications cited 'legal and regulatory uncertainties and various interventions by vested interests',... Read more
12d
The Economic Times
NCLT to hear Ericsson's RCom insolvency petition on November 8so far as well. Two months back, the court had rejected Ericsson’s right to ob
The Economic Times / Posted 12 days ago
so far as well. Two months back, the court had rejected Ericsson’s right to object to admitting the merger application of Aircel and RCom as the amount it was due was below 5% of RCom’s total debt. The application to object was simultaneously... Read more
41 related articles
12d
Business Standard India
NCLT to hear Ericsson India's insolvency petition against RComseal deals to sell a stake in its tower assets to Canada's Brookfield and to me
Business Standard India / Posted 12 days ago
seal deals to sell a stake in its tower assets to Canada's Brookfield and to merge its mobile services business with rival Aircel. Reliance Communications reported its third quarterly loss in a row last month and is trying to find ways to cut its... Read more
12d
The Economic Times
Tower operators reducing service to Reliance Communicationsroaming pacts with other telcos and spectrum sharing with Reliance Jio. Rcom,
The Economic Times / Posted 12 days ago
roaming pacts with other telcos and spectrum sharing with Reliance Jio. Rcom, which recently scrapped its merger deal with Aircel, is facing a slump in revenue, mounting losses, a shrinking subscriber base and debt of nearly Rs 47,000 crore. It... Read more
41 related articles
13d
Business Standard India
What makes joint ventures challenging in IndiaAnil Ambani-led Reliance Communications, meanwhile, called off its proposed 50:
Business Standard India / Posted 13 days ago
Anil Ambani-led Reliance Communications, meanwhile, called off its proposed 50:50 merger deal of its wireless business with Aircel, citing competitive intensity, and the Mahindra Group and Ford Motor said recently they were exploring an alliance in... Read more
13d
Business Standard India
Pink slips on the rise across telcom firmsVodafone and Idea Cellular. Tata Teleservices is also likely to announce a clos
Business Standard India / Posted 13 days ago
Vodafone and Idea Cellular. Tata Teleservices is also likely to announce a closure shortly. Although RCom’s merger with Aircel has been called off due to legal hurdles, overall, the industry is heading towards an era of four to five... Read more
13d
Business Standard India
Nearly 150,000 jobs at risk in debt-ridden telecom sector: Estimateslaid off some 1,200 people over the last year in the lead-up to the merger with
Business Standard India / Posted 13 days ago
laid off some 1,200 people over the last year in the lead-up to the merger with Sistema and its now-called-off merger with Aircel, which, too, is learnt to have let go of 800 employees. However, industry estimates place a far larger number of... Read more
13d
asianage
RCom files application for withdrawal of tower biz demergeras RCom's tower deal with Brookfield is currently being reworked following term
asianage / Posted 13 days ago
as RCom's tower deal with Brookfield is currently being reworked following termination of wireless merger talks with Aircel, a company source explained. An RCom statement said: "The RITL tower demerger scheme shall, in due course, be taken... Read more
41 related articles
14d
New Kerala
SC to hear Karti Chidambaram's case today - newkerala news #277325Court on Wednesday will hear the former finance minister P. Chidambaram's son K
New Kerala / Posted 14 days ago
Court on Wednesday will hear the former finance minister P. Chidambaram's son Karti Chidambaram's case in connection of Aircel-Maxis case. Earlier last month, the Enforcement Directorate attached assets, bank accounts and fixed deposits worth... Read more
5 related articles
14d
asianage
Karti Chidambaram moves SC against CBI in Aircel-Maxis caseBureau of Investigation (CBI) for his appearance in the Foreign Investment Prom
asianage / Posted 14 days ago
Bureau of Investigation (CBI) for his appearance in the Foreign Investment Promotion Board (FIPB) clearance given to the Aircel-Maxis deal in 2006. The CBI had issued summons asking him to appear today for interrogation. Refusing to appear... Read more
11 related articles
14d
Business Standard India
Lenders reluctant to convert RCom shares at a premiumReliance Communications are meeting next week to discuss the company's future a
Business Standard India / Posted 14 days ago
Reliance Communications are meeting next week to discuss the company's future after its two lifeline deals — a merger with Aircel and the sale of towers — collapsed. Banks and financial institutions that have exposure to Reliance Communications are... Read more
41 related articles
14d
Business Standard India
Investment by foreign telcos goes up in smokestill uncertain because the Anil Ambani company faces new challenges in its deb
Business Standard India / Posted 14 days ago
still uncertain because the Anil Ambani company faces new challenges in its debt reduction plan after its merger deal with Aircel collapsed. Most foreign telcos, which earlier made a beeline for the high-growth industry, have hardly found any... Read more
41 related articles
14d
The Hindu
CBI action mala fide, says KartiCourt with a plea to quash a notice issued by the Central Bureau of Investigati
The Hindu / Posted 14 days ago
Court with a plea to quash a notice issued by the Central Bureau of Investigation on September 26, summoning him in the Aircel-Maxis case on October 4. Alleging that the “whole aim of the Central government is to throttle the voice of Mr. P.... Read more
5 related articles
14d
asianage
RCom applies to withdraw towers spin-off planBrookfield for 110 billion rupees ($1.7 billion). Ithad also planned to combine
asianage / Posted 14 days ago
Brookfield for 110 billion rupees ($1.7 billion). Ithad also planned to combine its wireless business with that of rival Aircel. At the weekend, RCom said it and Aircel mutually agreed to scrap merger talks. That means the terms of the tower... Read more
41 related articles
14d
The Economic Times
Karti Chidambaram mocks mediaWhen questioned on CBI summons over the Aircel Maxis issue, Karti Chidambaram m
The Economic Times / Posted 14 days ago
When questioned on CBI summons over the Aircel Maxis issue, Karti Chidambaram mocked media. Karti Chidambram is facing a probe by the Central Bureau of Investigation (CBI) for his alleged role in facilitating the 2007 Foreign Investment Promotion... Read more
11 related articles
14d
Business Standard India
Govt should step in to bail out telcos of their financial crisis: Industrydown 10 per cent to under Rs 10,000 crore. With its proposed merger being call
Business Standard India / Posted 14 days ago
down 10 per cent to under Rs 10,000 crore. With its proposed merger being called off due to regulatory and legal hurdles, Aircel will find itself hard put to pay off its debts. RCom, meanwhile, has in its communications spoken of a revised plan to... Read more
41 related articles
14d
The Economic Times
Reliance Communications withdraws tower demerger scheme from NCLTstake sale to Canada’s Brookfield, and said it will file it afresh, a few days
The Economic Times / Posted 14 days ago
stake sale to Canada’s Brookfield, and said it will file it afresh, a few days after the carrier scrapped its merger with Aircel. In a statement Wednesday, the Anil Ambani-owned telco said it will file a fresh scheme of demerger of the towers of... Read more
41 related articles
14d
Business Standard India
Plan to demerge towers withdrawn: RCom to NCLTon 1st October and for reasons already stated, the merger agreement for the com
Business Standard India / Posted 14 days ago
on 1st October and for reasons already stated, the merger agreement for the combination of RCOM's wireless business with Aircel has been allowed to lapse with mutual consent. Pursuant to the same, application for withdrawal of the said merger... Read more
14d
The Economic Times
Karti Chidambaram approaches Supreme Court in Aircel Maxis casenot to insist on his appearance in the matter. The submission termed the CBI's
The Economic Times / Posted 14 days ago
not to insist on his appearance in the matter. The submission termed the CBI's move to summon him for questioning in the Aircel Maxis matter "illegal and mala fide" and a bid to harass him and his family. "My client has filed a writ petition... Read more
5 related articles
14d
New Kerala
Aircel Maxis case: Karti Chidambaram moves SC against CBI summons - newkerala news #277391moved the Supreme Court against the summons issued by the Central Bureau of Inv
New Kerala / Posted 14 days ago
moved the Supreme Court against the summons issued by the Central Bureau of Investigation (CBI) in connection with Aircel Maxis case. On September 27, the CBI had summoned Karti to appear before it on October 4. Earlier, the Enforcement... Read more
5 related articles
14d
The Economic Times
As telecom sector reels, need for government to step indown 10 per cent to under Rs 10,000 crore. With its proposed merger being call
The Economic Times / Posted 14 days ago
down 10 per cent to under Rs 10,000 crore. With its proposed merger being called off due to regulatory and legal hurdles, Aircel will find itself hard put to pay off its debts. RCom, meanwhile, has in its communications spoken of a revised plan to... Read more
41 related articles
14d
Business Standard India
Aircel-Maxis case: Karti Chidambaram moves SC against CBI summonsDuring the investigation, the ED found that Foreign Investment Promotion Board
Business Standard India / Posted 14 days ago
During the investigation, the ED found that Foreign Investment Promotion Board (FIPB) approval given by P Chidambaram in Aircel-Maxis deal was beyond his mandate. The law enforcement agency, in its investigation, also found that the amount for the... Read more
5 related articles
14d
The Economic Times
Karti Chidambaram refuses to appear before CBI, seeks withdrawal of summonsis investigating how Karti allegedly managed to get a clearance from the Foreig
The Economic Times / Posted 14 days ago
is investigating how Karti allegedly managed to get a clearance from the Foreign Investment Promotion Board (FIPB) in the Aircel-Maxis deal when his father was the Finance Minister in 2006. His lawyer N.R.R. Arun Natarajan has written to the... Read more
5 related articles
14d
International Business Times
Login credentials of over 6,000 Indian government departments, businesses put up for sale on DarkNet Bank of India, the Indian Space Research Organisation (ISRO), various Indian st
International Business Times / Posted 14 days ago
Bank of India, the Indian Space Research Organisation (ISRO), various Indian state government portals, telecom giants Idea, Aircel and BSNL, the Bombay Stock Exchange, Mastercard/Visa, the State Bank of India, HDFC, ICICI Prudential Mutual Fund, and... Read more
4 related articles
14d
asianage
No impact of Aircel merger cancellation on RCom's rating: Moody'sNew Delhi: Moody's Investors Service on Tuesday said the cancellation of the me
asianage / Posted 14 days ago
New Delhi: Moody's Investors Service on Tuesday said the cancellation of the merger agreement with Aircel has no impact on Reliance Communications' current credit rating and the outlook remains negative for the company. Moody's had downgraded the... Read more
41 related articles
15d
The Economic Times
Top stocks in focus on 4 October 2017Rating agency Moody's Investor Services (Moody's) said Reliance Communications'
The Economic Times / Posted 15 days ago
Rating agency Moody's Investor Services (Moody's) said Reliance Communications' (Rcom) scrapping its merger with Aircel has no impact on the telco's corporate family and senior secured bond ratings. The ratings outlook though remains... Read more
15d
Business Standard India
RCom stock tanks 11% on Aircel deal collapseclose of Rs 77.35, while Tata Teleservices (Maharashtra) fell 3.4 per cent to c
Business Standard India / Posted 15 days ago
close of Rs 77.35, while Tata Teleservices (Maharashtra) fell 3.4 per cent to close at Rs 5.76. RCom’s merger with Aircel fell through after multiple delays from shareholders and regulatory bodies in providing clearance. The company, which... Read more
41 related articles
15d
The Economic Times
High debt to limit Reliance Communications' ability to renew spectrum: CLSAdrive a sharp drop in its 2G revenue coverage and potentially hit revenue," the
The Economic Times / Posted 15 days ago
drive a sharp drop in its 2G revenue coverage and potentially hit revenue," the brokerage firm said in a report. RCom and Aircel had signed binding agreements in September 2016 for the merger of mobile business and was expecting reduction of about... Read more
41 related articles
15d
The Economic Times
RCom fate hangs in balance; stock tanks 9% post Aircel deal collapseThe sudden collapse of the RCom-Aircel deal has raised concerns yet again on th
The Economic Times / Posted 15 days ago
The sudden collapse of the RCom-Aircel deal has raised concerns yet again on the long-term survival of Anil Ambani's telecom business, even as the group's other arms continue to reel under massive debt burden. Ashwin Mohan joins-in with more... Read more
15d
The Economic Times
After Hours: RCom hits new low; metal stocks retain glitterNifty tops 9,850; auto stocks rally Top gainers and losers of Tuesday's trade
The Economic Times / Posted 15 days ago
Nifty tops 9,850; auto stocks rally Top gainers and losers of Tuesday's trade RCom's debt-repayment plan hits snag as Aircel deal collapses JSPL surges 7% on fund raising plans Tycoon takes investors heli skiing to show them Pakis... Read more
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