Which pan-India telecom operator filed for bankruptcy during February 2018?
A. Airtel
B. Idea
C. Reliance Communication
D. Aircel
Answer:D
Which pan-India telecom operator filed for bankruptcy during February 2018?
A. Airtel B. Idea C. Reliance Communication D. Aircel
Explanation: The country’s sixth largest telecom operator Aircel along with its units – Aircel Cellular and Dishnet Wireless – on 28 February 2018 filed for bankruptcy in the National Companies Law Tribunal (NCLT) in Mumbai. It filed for bankruptcy after its Malaysian promoter Maxis Communications decided against pumping additional funds into the company. It thus became the fourth telecom firm to wind up its operations mainly due to fierce competition and high levels of debt. It is worth mentioning that prior to Aircel the three other telecom operators who had decided to wind-up their operations are – Anil Ambani-run Reliance Communications, Norway-based Telenor and the wireless business of Tata Teleservices. .............Check More at INDIA GK" App: tinyurl.com/IndiaGK