Breaking Airtel, Jio have bid for assets of Aircel

[Manu]

MUMBAI: Leading telecom players Bharti Airtel and Reliance Jio both have bid to separately purchase assets of bankrupt telecom operator Aircel. According to a Mint report, lenders to Aircel are keener on a lump sum sale to a single party which could get better value of the assets.

The telecom operator Aircel Cellular Ltd and Dishnet Wireless Ltd, together known as Aircel, owe about Rs 50,000 crore to creditors which includes Rs15,545 crore debt to financial creditors and about Rs 35,000 crore to operational creditors.

Airtel, Jio have bid for assets of Aircel

 

[Sumanth]

I vaguely remember that once you file for bankruptcy, you can't sell. Maybe i'm wrong

 

[Detective Conan]

airtel was first to bid for aircel spectrum in 2016.. jio is bidding for aircel tower