Aircel along its units filed for bankruptcy in the National
companies law tribunal (NCLT) in Mumbai due to fierce competition (oligopoly)
and high levels of debt(around 15000 crore).
This is the fourth telecom firm to wind up after billionaire
Mukesh Ambani-led reliance Jio debuted in September 2016, unleashing a
disruptive price war in the sector with its free voice calls and dirt-cheap
data.
Aircel is an Indian mobile network operator, headquarter in gurgaon
that offer voice and 2g and 3g data service. Maxis communication holds 74%
stake in Aircel communication. Aircel was founded by Chinnakannan sivasankaran
and commenced operation in Tamil Nadu in 1999it is sixth largest mobile service
provider in India with subscriber base of 84.39 million subscriber as of
December 2017.
Aircel is market leader in Tamil Nadu and has considerable
presence in Odisha, Assam and north-east telecom circle.
Norway based Telenor and wireless business Tata teleservices
is also transferring its assets to Airtel. Anil Ambani- run reliance communication
which is is reeling under a debt of around Rs 42000 crore, is bowing out of the
business with jio set to acquire its wireless infrastructure assets.
Downfall of Aircel-
1.
Intense completion following the disruptive
entry of Jio.
2.
High level of unsustainable debt.
3.
Increased losses had together caused significant
negative business reputational impact on the company
4.
GTL infrastructure had switch off nearly
one-third of the total tower due to non payment of dues.
5.
Due to failure of merger with reliance communication
due to Aircel-maxis scam.
Aircel-maxis scam-
The maxis group had invested in sun direct between 2007
-2009 and dayanidhi maran as the telecom minister misused office in the deal. It was also alleged that maxis made
quid pro investment in sun direct TV, OWNED BY dayanidhi maran, Kalanithi maran.
Despite this Aircel made yet another attempt to survive even
in the face of an onslaught in the telecom sector from jio. The company decided
to prune its operation and concentrate on only those circles where it is strong
and which have scope for growth as a niche player. So on January 31, Aircel
shut operation in sic circler and concentrated on the remaining sixteen.
The sector has been under pressure since 2009. High financial
leverage caused by rising capex- the industry has cumulative debt of around
rs4.6 trillion, while revenues are under Rs1.8 trillion and increasing thin
margin jio pricing strategies mean there’s a long way to go.
If 2018 is indeed to be the year of growth, much
depend on the new National Telecom policy, the relief package the government is
putting together and the big three ability to find new revenue stream such as financial
payment and streaming services. 
If you have Aircel number and want to change the operator
service then follow these step-:
1.
Send PORT<space> your mobile number to
1900. For example ‘PORT 9xxxxxxxx9’.
2.
In few second, you will receive a unique port code
(UPC).
3.
Save this number for future correspondence.
Visit the nearest outlet and choose a service that allow the porting.
4.
You will asked your address proof, ID-card proof
and the UPC. Once you have provided these, you can start using your new sim and
service.