Vodafone Users Can No Longer Make Calls To Users From This Network
The telecom has been facing a fierce data war since the entry of Reliance Jio. The bigger telcos such as Airtel AND Vodafone Are constantly revamping their plans to attract as more subscribers they can with their attractive offers.
India’s smallest private mobile operator Aircel is going through a hard time right now. Earlier this week the telco has warned their over 5,000 employees of the difficult times due to some serious funding issues that they have been facing in the intense competition among the bigger telcos.
Explaining about the situation Aircel’s chief executive officer Kaizad Heerjee sent an email to employees saying that they have had no funding for some time and have been dependent on cash generation from their current business operations such as Bharti Airtel and Vodafone.
He further added that as competition remains intense in the telco’s market, the Aircel including other telcos is also being impacted. Given the competition in the market and their bankruptcy situation, The company still expects things to get more difficult in the coming days.
The company, with over 85 million customers, recently stopped services in six circles to focus on the better-performing ones. But now in the major turn of events, Aircel is soon to file bankruptcy as reported by several portals.
Due to non-payment of outstanding dues, Idea cellular was the first one to stop most interconnect services from Aircel across all their circles and now adding to their woes, Vodafone, India’s second-largest carrier has also put a stop to Aircel services, including messaging, STD and international calling facility, over the last couple of days.
According to an insider’s report, Aircel is soon expected to file for bankruptcy. In fact, the disruption of local calls would also follow if the dues aren’t paid soon.
A senior industry official has also confirmed to this reports by further adding that since the company (Aircel) has no money to pay and may soon file for bankruptcy, other telcos will also disconnect from the Chennai-headquartered telecom company services. Idea suspended their interconnected services, that included call between the operators, to Aircel earlier this month.
It has been said that Aircel owed around Rs 60 crore to Idea Cellular for the total duration of three months. The foreseen bankruptcy is now forcing Aircel to sell subscribers as well as infrastructure, basically all their assets with Bharti.
Aircel is also considering to file the company for bankruptcy that in turn would mark their demise, leaving only four non-state telcos, which later will become three after a merger. The telco Aircel is now in talks with all stakeholders, including lenders, on the road ahead.