Back
Jaswanth Jegan
Founder-Hexpertify.c... • 1y
"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.
Replies (13)
More like this
Recommendations from Medial
Chamarti Sreekar
Passionate about Pos... • 5m
• Jio VS Airtel Vs V! : Voice and SMS-only plans compare » Jio revises ₹479 and ₹1,899 prepaid plans: changing, ₹458 & ₹1,958 » Airtel revises ₹509 and ₹1,999 prepaid plans: changing, ₹499 & ₹1,959 » V! Launched New Plan prepaid plans changing •
See More
BigLoot IN
BigLoot.in - Where S... • 8m
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
gray man
I'm just a normal gu... • 3m
After the telecom sector through JIO, Reliance Industries is once again shaking another business industry of the soft drink. With the revival of the Campa Cola brand, Reliance Consumer Products Ltd (RCPL) has also made its position in the sector. In
See More
Rohan Saha
Founder - Burn Inves... • 2m
Jio Financial Services reported a net profit of ₹316 crore this time, and the company also announced a dividend of 0.5 paise per share. Along with that, the company’s market cap is ₹1,56,609 crore. Honestly, if it were any other company in its place,
See More
Download the medial app to read full posts, comements and news.