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Aircel to file for bankruptcy

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Mumbai : Telecom operator Aircel Ltd will file for bankruptcy under the Insolvency and Bankruptcy Code, 2016, reports said Friday. As such, the deal between Reliance Communications Ltd and Aircel to merge their wireless operations is unlikely to go through, it added.

  On Wednesday, Ericsson India Pvt Ltd, a creditor to Reliance Communications, had filed an insolvency petition against the company.