New Delhi, Feb 28 (PTI) Malaysian billionaire T Ananda Krishnans mobile firm Aircel today filed for bankruptcy protection from creditors, saying high debt and mounting losses, following a price war triggered by a new entrant, have led the company to troubled times. Aircel, 74 per cent owne
New Delhi, Feb 28 (PTI) Malaysian billionaire T Ananda Krishnans mobile firm Aircel today filed for bankruptcy protection from creditors, saying high debt and mounting losses, following a price war triggered by a new entrant, have led the company to troubled times.
Aircel, 74 per cent owned by Malaysias Maxis Communications Bhd, first tried a merger with Reliance Communications Ltd but the plan failed late last year due to regulatory and legal uncertaint…
Read the full article at: https://www.indiatoday.in/pti-feed/story/aircel-files-for-bankruptcy-blames-competition-financial-woes-1179792-2018-02-28
