Debt-laden telecom operator Aircel has been trying its best to stay in the markets with funds coming in from sale of its inventory, the creditors and payments from Saudi Telecom Company. Continuing its operations with the funds generated by its enterprise business, Aircel has been hoping for an early release of its bank guarantees worth Rs.751 crores that’ll help the company in its financial operations. The receipt of bank guarantees, as according to the company, will prove to be a source of continuing its operations for another 4 – 6 months. Not just this, the company has also been experiencing massive decline in its employee base with just 30% of the total workforce attending the office.

Source: The Hindu Business Line


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