Login

Post on Medial

Jaswanth Jegan

Stealth • 5m

"How Jio's entry Killed Aircel" Billions to Bankruptcy #3 Aircel's Failure story Aircel was founded in 1999 by C. Sivasankaran.Aircel expanded its services and became prominent telecom operators in India,known for its competitive pricing and strong presence in certain regional markets. In 2006 Maxis Communications acquired a 74% stake in Aircel, which helped in expanding its operations.It was a Fifth largest operator in Wireless Connections share of 8% in the market till the launch of Jio. After launch of Jio it started experiencing reduction in market share. Aircel stRuggled with high debt their parent company stopped funding it so they decided to merge with Reliance communication which will have 15% market share but it fell apart. In 2018, Aircel filed for bankruptcy due to its inability to cope with mounting debts and operational losses after several months they ceased operation and left costumers to post to other operators.

13 replies24 likes
4
Replies (13)

More like this

Recommendations from Medial

Image Description
Image Description

Shubham Khandelwal

Stealth • 4m

Jio really bought a revolution in Telecom Industry. Telecom operators used to charge reckless money for data during those days.

7 replies14 likes
Image Description
Image Description

Acevolt

Stealth • 5m

Adani want stakes in Paytm . PhonePe launch their new app share.market in fintech industry . Jio continuesly working and improving their jio payment Bank and jio pay. Ashneer launch zero pe. Why fintech industry is booming in past year?

9 replies13 likes
2
Image Description

BigLoot IN

Stealth • 1m

Reliance Jio hiked its tariffs in July 2024, but despite this move, the company lost approximately 10.9 million customers in the second quarter. On the other hand, BSNL managed to gain 2.9 million new users in July. This shift highlights that Indian

See More
1 replies2 likes

kapil jadhav

Stealth • 6m

Zomato Is Beating Swiggy In The Food Delivery Race! Swiggy posted Rs 8,265 Cr revenue in FY23, but its losses climbed to Rs 4179 Cr. With that its outstanding losses reaches to 27,000 Cr. Swiggy is looking to turn profitable by the second half of th

See More
0 replies7 likes

BigLoot IN

Stealth • 1m

5G download speeds of Jio and Airtel drop sharply two years after launch due to network congestion.

0 replies5 likes

Raj

Stealth • 4m

Jio increases the price of its recharge plans, to be available from 3rd July, 2024.

0 replies5 likes

Applyly

Stealth • 13d

BlackBuck to Launch IPO on Dalal Street this November 13 INTRODUCTION Flipkart-backed logistics platform BlackBuck to Launch IPO on Dalal Street this November 13. The company, known for its digital trucking services, aims to raise ₹1,114.72 crore t

See More
0 replies14 likes
3

VIKAS KOTUR

Stealth • 2m

Startup is made to launch unique snacks in the market. These products are not commercially available in the market. Jowar Fried Chips which is unique and not introduced to the market.. We have still more unique products which we are going to launch

See More
0 replies2 likes
Anonymous
Image Description

Anonymous

Stealth • 5m

I would like to launch a product in indian market. What product would be your preference? and Why?

1 replies3 likes
Image Description

Giggity

Stealth • 5m

Nothing interesting today regarding stock market expected jio financial services to go down a little bit

1 replies3 likes

Download the medial app to read full posts, comements and news.