Aircel joins RCom on the naughty step

Reliance Communications has been suffering recently, but perhaps there will some comfort in the knowledge Aircel has been missing its debt repayments as well.
According to Care Ratings, the company missed a debt repayment and has therefore been downgraded. Few will be surprised by the news Aircel is struggling to compete, but the risk of the Indian telecom market getting smaller is becoming quite real.
“The company has delayed in repayment of interest on its debt obligations on account of