October 23, 2017 12:52 AM ET

Wireless Telecommunication Services

Company Overview of Aircel Limited

Company Overview

Aircel Limited, a mobile network operator, provides GSM mobile services in India. The company offers voice and data services ranging from postpaid and prepaid plans, 2G and 3G services, broadband wireless access, and long term evolution (LTE) to value-added services. It also provides Internet access solutions to facilitate data intensive live streaming applications; 3G and 4G LTE services; voice and data offers on handsets; and other services. In addition, the company provides business solutions, including networking, data centers, collaboration services, Software-as-a-Service, and mobility solutions; M2M smart metering and vehicle tracking solutions; and managed network services that includ...

5th Floor

Building No. 10A

DLF Cyber City

DLF Phase II

Gurgaon,  122002

India

Founded in 1994

Phone:

91 12 4794 4800

Fax:

91 12 4235 0313

Key Executives for Aircel Limited

Chief Operating Officer
Age: 53
Business Head - Punjab
Head of Corporate Social Responsibility
Chief Business Officer
Compensation as of Fiscal Year 2017.

Aircel Limited Key Developments

RCom Open To Selling 100% Of Tower Unit To Brookfield

Reliance Communications Limited (NSEI:RCOM) is in discussions with Brookfield Property Partners L.P. (NYSE:BPY) to sell up to 100% stake in its tower subsidiary instead of the 51% it had earlier agreed upon. The international tower company is also engaged in a revaluation of the deal because of the failure of the merger between Aircel and RCom. Confirming the development, Punit Garg, executive director of Reliance Communications, said, "We are in deep discussions with Brookfield and are open to the option of selling up to 100% of the business.

Reliance Communications Called Of Its Merger With Aircel

Reliance Communications Limited (NSEI:RCOM) has called off the merger of its wireless services business with Aircel Limited, citing regulatory delays and opposition from some creditors, in a development that will further impede its efforts to pare its huge debt. RCom said it is now looking at alternative ways to reduce its debt, including sale of real estate assets and "optimization of spectrum", the company said in a filing to stock exchanges on October 1, 2017.

Aircel And Reliance Merger May Be On Hold Beyond September 30

The merger between Aircel Limited and Reliance Communications Limited (NSEI:RCOM) is facing multiple roadblocks due to which Reliance Communications’ debt-reduction plan could be in trouble. An insolvency petition has been filed by Ericsson against Reliance Communications with the National Company Law Tribunal, delays in getting approval from the Department of Telecom and an ongoing CBI investigation in the Aircel-Maxis case. The merger may be put on hold beyond September 30, 2017.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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