Aircel, the Indian arm of Malaysia's leading telecoms operator Maxis Berhad, will cut some 600 jobs or 12% of its workforce following its decision to reduce operations in five unprofitable regions amid surging costs and severe margin pressure, executives aware of the development told ET.
Aircel, which has about 66 million customers and a pan-India 2G presence, will scale down operations in MP, Punjab, Haryana, Rajasthan and Gujarat in its bid to cut costs and reallocate resources to profitable zones. The company has about 800 employees and 6 million customers in these five circles.
The country's fifth largest mobile carrier, in which Maxis owns 74%, will test the waters in MP where it proposes to rely on its intra-circle roaming pact with Tata DoCoMo for coverage, and handle customer acquisitions and recharges online, dispensing with the need of having its own network and sales & distribution channels at the field level.
Read More . . . .