Sterling Infotech Group and Hutchison Essar Group have terminated the agreement, which contemplated acquisition of Sterling's Aircel and Aircel Cellular by Aircel Digilink India, a part of the Hutch Group.
The company said that intense competition following the disruptive entry of a new player, legal and regulatory challenges, high level of unsustainable debt and increased losses had together caused significant "negative business and reputational impact".
Former Telecom Minister Dayanidhi Maran, his brother Kalanidhi Maran and six others, including four companies, were on Friday chargesheeted by the CBI in a special court in the Aircel-Maxis deal case arising out of the investigation in the 2G spectrum allocation scam.
Aircel needs Team Leaders and Sales Executives for its offices in Chennai.
Cellular service provider Aircel will embark on an over $400-million pan-India network expansion to double its subscriber base of 5 million over 18 to 24 months.
Hutch and Aircel jointly lead the customer expectations ranking, ahead of Reliance, Tatas and Bharti as per the latest survey by TNS Celltrack, while MTNL has the dubious distinction of being the last on this overall list covering 13 circles.
When it comes to the number of phone bill disputes, Vodafone, Idea Cellular, BSNL and Aircel were high on the list in several service areas during the quarter ended June.
The telecom industry is moving towards a five-plus one model.
A series of failed loan recast programmes continues to haunt banks.
BSNL, Tata Teleservices and Reliance Communications, who also provide GSM technology-based services, are not part of the report.
The minister said the companies have given representation which is being examined by the DoT before taking a final decision.
The department of telecommunication will soon write to companies, including Idea Cellular and Aircel to start landline operations.
The service is aimed at communicating with ease and on time. With 'Talking SMS' a subscriber could talk and send SMS, giving a 'personal touch and feel' to the communication, an Aircel release said.
The government is likely to get about Rs 24,000 crore from one-time spectrum fee that has been levied on existing operators for holding radiowaves beyond a prescribed limit.
Designer Manish Malhotra closed Day Four of the LFW with what he does best -- bridalwear -- and a star-studded audience looking on.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
The government on Tuesday invited financial bids from all the nine applicants, including Bharti Airtel, Vodafone, Tata Teleservices and RCom, who had applied for participating in 3G spectrum auction.
Vodafone has been recognised as the most admired mobile service brand online in India followed by Tata Indicom and Aircel, a survey said.
Operators Bharat Sanchar Nigam Ltd, Bharti Airtel, Vodafone-Essar, Aircel, Mahanagar Telephone Nigam Ltd and Idea Cellular might have to fork out over Rs 11,200 crore for having spectrum beyond 6.2 MHz, if the government accepts the Telecom Regulatory Authority of India (Trai) recommendations.
The Department of Telecommunications' Wireless Planning and Coordination arm has moved a note to issue start-up spectrum of 4.4 MHz to four leading service providers offering GSM technology, whose applications have been pending from December 2006.
Solicitor General of India Goolam Vahanvati has said no further allotment of spectrum beyond 6.2 MHz should be made to telecom operators till the report of the committee on its pricing and allocation is received.If the opinion is acted upon, it would affect companies like Bharti Airtel, Vodafone, Reliance Communications, Idea Cellular and Aircel, which have applied for extra spectrum in other circles.
In July 2012, TDSAT gave split verdict where one of the bench member ruled in favour and other member ordered against it.
Bharat Snachar Nigam is mainly responsible for the increasing congestion between networks of cellular operators on points of interconnection
Providence Equity Partners of the US, which had made an abortive attempt to enter India through the acquisition of C Sivasankaran's stake in Aircel last year, has picked up a 15 per cent stake in the Aditya Birla Group-controlled Idea Cellular.
RCom and Tata Teleservices are the top net losers of subscribers under mobile number portability (MNP) services.
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
Bharti Airtel has paid Rs 11,374.7 cr while upfront amount due from it was Rs 7,832.20 cr
Under the UASL norms, spectrum is linked to licences, and a particular band of radio wave is restricted to be used in a particular technology
The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular
Mobile phone service providers alone jointly reported gross revenue of Rs 55,164.18 crore (RS 551.64 billion).
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
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