December 21, 2014 4:45 PM ET

Wireless Telecommunication Services

Company Overview of Aircel Limited

Company Overview

Aircel Limited provides GSM mobile services in Mumbai, Pune, Uttar Pradesh East, Uttar Pradesh West, Delhi, Andhra Pradesh, Karnataka, Kerala, Kolkata, Assam, Bihar, Chennai, Himachal Pradesh, Jammu and Kashmir, North-East, Orissa, Tamil Nadu, West Bengal, Madhya Pradesh and Chhattisgarh, Haryana, Punjab, Gujarat, and Rajasthan. It offers voice and data services ranging from postpaid and prepaid plans, 2G and 3G services, broadband wireless access, and long term evolution (LTE) to value-added-services. The company also provides Internet access solutions to facilitate data intensive live streaming applications, and 3G and 4G LTE services to customers. In addition, it offers business solutions...

5th Floor

Building No. 10A

DLF Cyber City

DLF Phase II

Gurgaon,  122002

India

Founded in 1994

Phone:

91 12 4476 5000

Fax:

91 12 4429 0524

Key Executives for Aircel Limited

Chief Financial Officer
Age: 45
Chief Operating Officer
Age: 50
Director-In-Charge of Indian Operations and Chief Executive Officer of Maxis Communications
Age: 56
Chief Business Officer
Compensation as of Fiscal Year 2014.

Aircel Limited Key Developments

Promoters And Investors Seek To Sell Aircel

According to sources, multiple investors have envisaged interest in buying stake in Aircel Limited. The prospective investors include Idea Cellular Ltd. (BSE:532822), Telenor ASA (OB:TEL), AT&T, Inc. (NYSE:T) and MTN Group Limited (JSE:MTN). The promoters and investors of Aircel, including Maxis Communications Berhad, are looking to exit Aircel and have invited request for quotations for stake sale, sources told CNBC-TV18. Idea Cellular and Telenor have already initiated the due diligence process, sources said. Aircel promoters have set a June 2014 deadline for quotation. Though valuation figures are still being worked on, sources said it could be a significantly large deal in the range of over INR 200 billion. Idea and AT&T refused a comment. Others players were unavailable.

TTL May Reportedly Marge Operations With Aircel

Tata Teleservices Limited (TTL) is in talks to merge its operations with Aircel Limited. The report stated that the talks have not been confirmed by either party.

Micromax Inks Strategic Partnership with Mediatek and Aircel

Micromax has inked a strategic partnership with MediaTek and Aircel. Under the terms of the agreement, Aircel will be offering special data plans and other benefits on MediaTek-based Micromax devices. The Aircel offers will cover four Micromax devices -- the MMX 377G dongle, Funbook Mini 410i tablet, Micromax A090 and X070 feature phones -- all powered by MediaTek chipsets. The products with new offers will be available starting April this year.

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