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Aircel not for sale


12 Jan 2012
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Aircel not for sale


Scotching all speculations the Maxis Communications chief executive officer and Aircel director Sandip Das has said that Aircel is not for sale, according a report published in Business Standard.

In an interview to BS, he also revealed company’s plans to stay competitive and “transform itself as a key player in the emerging market for data-led telecom services.” He also talked about company’s investment of Rs 7,500 crore (Rs 75 billion) to expand its network in the third-generation telephony and wireless broadband segments, besides exploring the possibility of a public listing in the next two years.

The report quoted him as saying, “"We are not a fly-by-night operator. It is a serious investment and we want to be a serious player here. We'll make a fresh investment of Rs 7,500 crore (Rs 75 billion), a mix of debt and equity."

The company is facing probe in the 2G spectrum allocation case.

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