Struggling GSM player Aircel may slowly shut down services in the country, following a failed attempt at merging operations with Anil Ambani-led Reliance Communications (RCom), the Economic Times reported on Tuesday. The telco, which has a gross debt of some Rs. 20,000 crore, is likely to sell its wireless assets, excluding spectrum, to a larger telecom service provider. According to the ET report, Aircel may sell its 40,000 towers to another company. The report, citing various analysts, said that Bharti Airtel could be the most likely buyer of Aircel’s wireless assets and subscribers. Such as move will allow Airtel to quickly add subscribers in Aircel’s stronger markets like Tamil Nadu, which will allow it counter Vodafone-Idea Cellular combine and Reliance Jio. Some analysts, however, think that the Vodafone-Idea combine could also be a potential buyer. Notably, Aircel can’t sell its 2G or 3G airwaves due to a court diktat. However, if the Supreme Court clears ...