Friday, 20 September, 2019

Aircel: Rumours About It's Closure Spread At An Alarming Rate

Aircel spikes rumours on service closure Aircel spikes rumours on service closure
Patty Aguilar | 23 February, 2018, 12:09

Aircel, another name among India's smallest private telecom operators, is reportedly on the verge of bankruptcy due to lack of funds and operational issues. The company officials clarified that the network provider was facing some technical issues and they are trying to resolve it. Aircel tweeted over this issue on Social media "We regret to inform you that it will take some time to provide better service in that particular area due to the technical issue".

Refusing to say reasons that resulted into the network failure, an official at Aircel office said that they were rendering all assistances to the customers.

Some customers even laid siege to some of its outlets in Coimbatore following rumours about closure of its service. "We are trying to sort out the issue", he told BusinessLine.

The interruption in service arose from tower infrastructure providers stopping their services for the company due to financial issues.

The most recent issue began after one of the pinnacle foundation supplier, which works 10,000 towers for Aircel in Tamil Nadu, professedly turned off around 9,000 towers.

There has also been a mass exodus of customers who are opting for portability, leading to crashing of Aircel servers.

Aircel has around 15 million clients in Tamil Nadu, biggest among states, out of the aggregate 89 million clients the nation over.

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Organization authorities said they have gotten very almost ten times the port demands over the most recent few days, contrasted with what they normally get.

The decision has been reportedly taken following the Reserve Bank of India scrapping all debt revamp schemes in favour of the Insolvency and Bankruptcy Code.

To put it in perspective, Aircel received a million port requests in the past few days, with half of them coming on Wednesday itself.

The network was badly hit as porting requests rose exponentially.

ET reported on Sunday that Aircel is considering filing for bankruptcy in the National Company Law Tribunal.

Ever since Reliance Jio launched services, the company's financials have been severely affected.

Aircel has failed to receive any funding in the last six months and is operating business on its, but the effort could not help it to sustain against the competition of Reliance Jio, said the report. The agreement between Aircel and Idea on a year ago November 2017, but the operator failed to clear its payment commitments, and this forces Idea to suspend his services.

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