🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

Back to feeds

Jaswanth Jegan

Stealth • 7m

"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 • 7m

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

BigLoot IN

Stealth • 3m

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
Image Description
Image Description

Chamarti Sreekar

Stealth • 9d

• 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
2 replies10 likes

kapil jadhav

Stealth • 9m

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
Image Description
Image Description

Chamarti Sreekar

Stealth • 22d

Jio is Giving Free YouTube Premium to its fiber and Air fiber users

8 replies8 likes

Raj

Stealth • 7m

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

0 replies5 likes

Mohammed Zaid

Stealth • 1m

Amazon is changing its investment strategy in India, reflecting a broader adjustment in its approach to the market

0 replies1 like

Ashish Singh

Stealth • 1m

PhonePe is set to launch its IPO, showcasing impressive revenue growth of 74% year-on-year, reaching INR 5,064 crore in FY24. With a 50% market share in India's UPI transactions, it faces competition from Google Pay and Paytm. While the company's lea

See More
0 replies5 likes
Image Description

Giggity

Stealth • 7m

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

1 replies3 likes
Image Description
Image Description

Shrinivas Bhalerao

Stealth • 9m

Reliance Launches WYZR Reliance Industries has entered into consumer electronics with its new brand, WYZR, aiming to blend cutting-edge technology with affordability. Will Wyzr disrupt the market just as Jio did for telecom??

7 replies13 likes

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