Free Press Journal
  • DoT blacklists StanChart bank guarantees

    New Delhi : The telecom department has blacklisted bank guarantees issued by Standard Chartered after the bank failed to invoke one that was issued for Aircel Group. The DoT has directed entities that they should not accept bank guarantee from Standard Chartered Bank, including renewals.

  • Budget 2018, P Chidambaram, Senior Congress leader, ex-union minister P Chidambaram, Narendra Modi, Arun Jaitley

    Aircel-Maxis case: P Chidambaram appears before Enforcement Directorate for second time

    New Delhi: Former Finance Minister P Chidambaram today appeared before the Enforcement Directorate for the second round of questioning in the Aircel-Maxis money laundering case, officials said. The senior Congress leader arrived at the ED’s headquarter annexe office here shortly before 11 am, they said. He was summoned for today after he was first questioned on June 5 by the agency, a department that reported to him during his tenure in the Finance Ministry. The

  • Aircel owes Rs 19,700 cr to banks, Wipro, Bharti

    Mumbai : Bankrupt telecom company Aircel owes over Rs 19,700 crore to various banks, nearly Rs 1,400 crore to some companies owned by fellow competitor Bharti Airtel and almost Rs 300 crore to Wipro, documents show.

  • RCom-Aircel merger called off on legal uncertainties

    New Delhi : Telecom operators Reliance Communications and Aircel Sunday terminated their mobile business merger deal. “Merger of mobile business of RCom and Aircel lapses with mutual consent,” Reliance Communications said in a release. Both the telcos had signed binding agreements in September 2016 for the merger of RCom’s mobile businesses with Aircel. Legal and regulatory uncertainties, and various interventions by vested interests, have caused inordinate delays in receipt of relevant approvals

  • Sc Slams Brakes On Aircel

    The bench said, “If he (Krishnan) is going to use an asset belonging to this country, he may be anywhere in the world but must appear before us”  (more…)

  • Supreme Court proposes to cancel Aircel’s 2G license

    New Delhi: The Supreme Court on Friday proposed to cancel the 2G license granted to Aircel if Maxis owner Anantha Krishnan, who bought the majority shares of Aircel, and its Director Ralph Marshal do not present themselves before it.
    A bench headed by Chief Justice J.S. Khehar also restrained the transfer of 2G spectrum originally granted to Aircel to any other entity.

  • Court reserves order on booking Marans

    New Delhi: A special court has reserved its order on the issue of framing charges against former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and others in the Aircel-Maxis deal case lodged by CBI and Enforcement Directorate (ED).

  • Airtel, Voda, Idea, others denying inter-connect: Ringo

    New Delhi : Calling app company Ringo has alleged that telecom players Bharti Airtel, Vodafone, Idea and Aircel are not providing it network inter-connection to start Internet telephony to provide 50-60 per cent cheaper calls.

  • Auction: RCom, Aircel to bid separately, 5 others also in fray

    New Delhi : Telecom operators Reliance Communications and Aircel, which announced their merger about a week ago, will bid separately in the upcoming mega-spectrum auction where all the seven applicants have made it to the final list of bidders.

  • RCom, Aircel merge; create entity of Rs 65,000 crore

    “Together with our partners, MCB, we are delighted to have taken the lead in consolidation of the Indian telecom sector, first, with RCom’s acquisition of the wireless business of SSTL (Sistema/MTS), and now, with the combination of our business with Aircel in a 50:50 joint venture with MCB,”              Anil Ambani / Reliance Group Chairman Continue Reading ...-->

  • Game of phones

    Interconnect charge emerges as new battleground among operators
    (more…)

  • CBI seeks arrest warrant for 2 Malaysia accused

    New Delhi : The Central Bureau of Investigation (CBI) on Monday approached a special court seeking issuance of arrest warrant against two Malaysia- based accused in Aircel-Maxis deal case involving ex-Telecom Minister Dayanidhi Maran and his brother Kalanithi Maran.

  • RComm, Aircel to merge wireless ops

    New Delhi : The Reliance Communications and Aircel merger is likely to be announced within 15 days, after months of extended negotiations, and the new entity is expected to have Rs 25,000 crore business from the first day of its operation. “The deal is almost in final stage. Synergies between the two companies have been worked. The merger should be announced within 10-15 days. The resultant entity will have revenue of about Rs

  • Aircel, Vodafone, Idea using call drop mask tech incorrectly: Trai

    New Delhi:  Leading operators Aircel, Vodafone and Idea are using call drop masking technology or RLT incorrectly in Mumbai, telecom regulator Trai said. “Most of the operators have focused on network improvement. However, usage of RLT (ie time-out period for releasing the call ) by Aircel, Vodafone and Idea is incorrect and needs to be addressed immediately,” the Telecom Regulatory Authority of India said in its Mumbai drive test report.