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Aircel’s bankruptcy will cut into American Tower’s revenues

February 26, 2018

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India-based carrier Aircel will file for bankruptcy, according to a report in The Economic Times. The telco, which has a debt of $184 million, has dissolved its board of directors.

Aircel, owned by Malaysian company Maxis, has been in debt since its failed merger with Reliance Communications’ wireless business. The merger had failed due to regulatory hurdles and the Supreme Court preventing the sale of Aircel’s spectrum.

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