Aircel may seek permission to sell non-spectrum assets

Mumbai: Aircel is considering filing an appeal in the dedicated bankruptcy court to allow it to sell other assets besides spectrum and use the money for maintenance and paying salaries till the legal battle over airwaves between the telecom department and the defunct telecom operator is resolved.

“An option is to appeal to the NCLT (National Company Law Tribunal) to allow us to sell assets, besides spectrum, put money in the escrow account and use it for maintenance and paying the roughly 200 employees,” an executive aware of the matter told ET on condition of anonymity.

Other assets include fibre, enterprise, bulk SMS business and data centre.