"Media reports about Aircel as regard insolvency or shutting down operations in 14 circles is completely speculative & misleading," Aircel said in a statement.
Earlier this month, local ratings agency CARE said the carrier, majority owned by Malaysia's Maxis Communications Bhd, had delayed servicing its debt obligations.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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