Hutch, Sterling deal off on Aircel

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......

Idea, Aircel plan Rs 2,600 cr IPOs

Telecom companies -- Idea Cellular and Aircel Cellular -- have planned to enter the primary market with initial public offers of around Rs 2,000 crore (Rs 20 billion) and Rs 600 crore (Rs 6......

Aircel to ratchet up TN business

Aircel Cellular will invest Rs 180 crore (Rs 1.8 billion) to expand its subscriber base to three million in Tamil Nadu, including the Chennai circle. The company is also in the race for licenses......

Telecom operator Aircel files for bankruptcy

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......