Telecom giant Aircel on Wednesday said it has filed for bankruptcy as the firm was facing troubled times in highly financially stressed industry.
Telecom giant Aircel on Wednesday said it has filed for bankruptcy as the firm was facing troubled times in highly financially stressed industry. In an official statement, the company said that unsustainable debt has impacted its reputation. “Significant negative business and reputational impact on the company due to unsustainable debt and increased losses,” said the statement.