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Latest Articles in aircel

Reliance Communications Posts Third Consecutive Quarterly Loss

India’s telecom carrier Reliance Communications (RCom) posted its third straight quarterly loss on Saturday as its heavy debt load and a price war triggered by an upstart rival continued to weigh on sales and profit.

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Reliance Communications Plans To Issue Shares To Lenders In Lieu Of Debt

The board of RCom is scheduled to meet on August 12 which will consider convening annual general meeting of shareholders to enable the firm seek their nod for converting debt into equity shares

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Fitch Cuts Reliance Communications Junk Rating Even Further

Fitch Ratings downgraded Reliance Communications further into junk territory on Thursday, becoming the latest credit agency to cast doubt on the Indian mobile phone operator's ability to meet its heavy debts

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RCom Shareholders Approve Merger With Aircel

RCom, in September last year, had announced it will merge its wireless telecom business with smaller rival Aircel to create the country's fourth-biggest mobile phone operator

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Supreme Court Restrains Aircel-Maxis From Transferring 2G Licences

The Supreme Court on Friday halted mobile phone carrier Aircel from selling its airwaves over an ongoing case of alleged corruption, potentially delaying a proposed deal with rival Reliance Communications

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Reliance Communications-Aircel Venture Looks To Raise $1 Billion For Expansion

Reliance Communications, which is to merge its wireless business with smaller rival Aircel, said on Thursday the combined carrier would look to raise about $1 billion in equity from outside investors for expansion and to pay for mobile spectrum

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RCom, Aircel To Merge Businesses As India Telco Consolidation Gathers Pace

Reliance Communications will combine its wireless business with smaller rival Aircel to create the nation's third-biggest cellular carrier by subscribers, the companies said on Wednesday, as intensifying competition fuels consolidation in the world's second-biggest telecom market

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Airtel Completes 4G Spectrum Trading With Aircel In 7 Out Of 8 Circles

Bharti Airtel has acquired rights to use 4G airwaves of Aircel in seven out of eight telecom circles under their Rs 3,500-crore spectrum trading deal

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DoT Clears Rs 3,500 Crore Airtel-Aircel 4G Spectrum Trading Deal

Telecom Ministry is learnt to have cleared the Rs. 3,500-crore 4G spectrum trading deal between service providers Bharti Airtel and Aircel

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RCom Extends Talks For Combining Wireless Business With Aircel

The decision to extend the talks until May 22 based on the good progress made so far, the company said

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How RCom-Aircel-MTS Merger Benefits RJio

Ironically, the biggest beneficiary of the three-way planned merger between Reliance Communications, MTS India and Aircel is likely to be Reliance Jio.

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RCom-Aircel-MTS Merger Likely To Benefit RJio

Consolidation has been expected for a long time and the entry of Mukesh Ambani’s Reliance Jio is acting as a catalyst for the industry

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Reliance Communications, Aircel In Talks To Merge Mobile Business

Reliance Communications said on Tuesday it is holding non-binding but exclusive talks for a potential merger of its wireless business with smaller rival Aircel

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