Aircel sale rumoured, cellco will not bid for 2G spectrum

12 Jul 2012

Malaysia’s Maxis is reportedly considering selling its Indian unit, Aircel, amidst regulatory uncertainty in the sector according to local news sources citing an executive close to Maxis with knowledge of the matter. The unnamed source claims that Aircel has been involved in discussions with bankers representing, amongst others, Russia’s Sistema and is ‘listening to offers’. However, Sistema has denied the rumours and had previously announced that it may close down its own Indian subsidiary Sistema Shyam Teleservices (SSTL) in response to the government’s handling of the 2G licence troubles. Sandip Das, chief executive at Maxis and current head of Aircel also denied the claims that the cellco was going under the hammer. Das told The Wall Street Journal that Aircel would not be bidding for 2G spectrum when concessions are reauctioned later this year, adding that: ‘We have got enough spectrum.’

India, Aircel, Sistema, Sistema Shyam TeleServices (SSTL, MTS India)