MUMBAI The fierce competition in India’s telecommunications sector has claimed another victim: Aircel, the Indian unit of Malaysia-based Maxis Communications.
Aircel said on Feb. 28 that it had filed for bankruptcy in the local courts. The move by the last surviving small telecom operator signals that the end may be near for industry consolidation.
Aircel’s insolvency proceedings follow a round of mergers and fire sales by the bigger players. Reliance Communications sold its consumer business assets to Reliance Jio, while the consumer mobile businesses of Tata Teleservices and Tata Teleservices Maharashtra merged into Bharti Airtel. Meanwhile, a merger of giants Idea Cellular and Vodafone India is pending.
The consolidation has …
Read the full article at: https://asia.nikkei.com/magazine/20180308/Business/India-s-telecom-consolidation-war-claims-another-bankruptcy
