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Aircel denies reports of partly shutting

[color=#333333][size=large][font=proxima-regular1, roboto, arial, sans-serif]Telecom carrier Aircel on Friday denied media reports that it was partly shutting down its operations, saying it was making efforts to build a profitable business. [/font][/size][/color][color=#333333][size=large][font=proxima-regular1, roboto, arial, sans-serif]”Media reports about Aircel as regard insolvency or shutting down operations in 14 circles is completely speculative & misleading,” Aircel said in a statement. [/font][/size][/color]

[color=#333333][size=large][font=proxima-regular1, roboto, arial, sans-serif]Earlier this month, local ratings agency CARE said the carrier, majority owned by Malaysia’s Maxis Communications Bhd, had delayed servicing its debt obligations.[/font][/size][/color]

Updated: December 29, 2017 — 10:00 pm

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