Aircel is the 5th largest wireless firm in India, with 85 million subscribers.The decision to file was essentially blamed on the the “disruptive entry” of Reliance Jio, which came on the scene in 2016 and was founded by India’s wealthiest man, Mukesh Ambani. It was practically impossible to compete with the business FREE 4G offer for the first 6 months.
Business are folding and merging left and right in India’s mobile market. It looks poised to continue that way for quite some time…so don’t get too comfortable with your provider.
Read more at CNN.