| IDEA Cellular Limited Related news |
Vodafone-Idea merger: Balesh Sharma to helm affairs as CEO
Posted on 23rd March 2018 |
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Vodafone and Aditya Birla Group’s Idea Cellular, which are in the final stages of completing the merger of their operations in the country, on Thursday announced the new leadership team of the merged entity. As indicated earlier, Kumar Mangalam Birla, the chairman of the AV Birla Group, will be the non-executive chairman of the merged entity. |
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Decision on spectrum, payment norms to benefit Idea-Voda merged entity the most
Posted on 9th March 2018 |
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The government’s decision to extend the deferred spectrum liability payment period to 16 years from the current 10 will benefit the merged company of Idea Cellular and Vodafone India the most, with the installment amount declining by around 30% annually. However, since the net current value would remain intact, the benefit is only in terms of cash flow as the amount due in initial years would be less, but increase towards the later years. |
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Airtel, Idea move telecom tribunal against predatory pricing order
Posted on 5th March 2018 |
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NEW DELHI:Bharti Airtel and Idea Cellular have challenged the telecom regulator’s recent tariff order on predatory pricing in the telecom tribunal, setting the stage for another legal battle between India's older carriers and the sectoral watchdog who have been at loggerheads for more than a year now. India's first and third ranked telcos have argued that the February 16 order was unconstitutional as it prevented them from retaining customers and conducting business, people familiar with the matter told ET. |
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Idea-Vodafone building war chest to take on rivals
Posted on 26th February 2018 |
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Idea Cellular Ltd and Vodafone Group Plc’s Indian unit, which are set to merge to create India’s largest telecom operator, will invest Rs60,000 crore in infrastructure to meet surging demand for data, according to a person aware of the matter. The companies expect demand to surge sixfold to more than 120 petabytes a day in the near term from around 20 petabytes now, this person said, requesting anonymity. |
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Idea announces closure of QIP, raises Rs 3,500 crore
Posted on 24th February 2018 |
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Idea Cellular on Friday announced the closure of its qualified institutional placement (QIP). The company has issued and allotted approximately 42.42 crore equity shares at an issue price of Rs 82.50 per share and raised about Rs 3,500 crore. The issue allocation is approximately 56% and 44% to Indian and foreign investors, respectively, a press release from Idea said. |
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Idea QIP price at a marginal discount
Posted on 22nd February 2018 |
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Mumbai: Idea Cellular has fixed an issue price of Rs 82.50 per share for the sale of shares through a qualified institutional placement (QIP). The QIP issue will raise as much as Rs 3,500 crore. |
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Idea fixes Rs 82.50 per share to raise Rs 3,500 crore via QIP
Posted on 21st February 2018 |
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NEW DELHI: Idea Cellular today said its capital raising committee has approved an issue price of Rs 82.50 per share for sale of shares through a qualified institutional placement (QIP) to raise as much as Rs 3,500 crore. "The capital raising committee of the company at its meeting today approved the closure of the issue for the QIP," Idea said in a regulatory filing. |
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Idea Rs 149 recharge plan now offers 28GB data, unlimited calls
Posted on 20th February 2018 |
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Idea Cellular, the third biggest Indian telco, has silently refreshed the Rs 149 recharge plan that now offers additional validity to the customers. The Idea Rs 149 recharge plan now comes with a 28-day validity offering 1GB data, unlimited local, national, and roaming outgoing calls, and 100 SMSes per day. Earlier, this pack provided the same benefits but only for 21 days. However, the Idea Rs 149 recharge pack is available to select customers in select circles. |
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Idea now gives unlimited calls, 1GB data at Rs 109; here are all benefits
Posted on 19th February 2018 |
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Idea Cellular has introduced a new pack that offers 1GB data and unlimited calls at Rs 109 to combat the tariff war started by Reliance and later joined by other telcos including Airtel and Vodafone among others. The new Idea Rs 109 recharge pack comes with a validity of 14 days and benefits the customer with 1GB of data, unlimited local, national, and roaming calls, along with 100 SMSes per day. |
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Savings from Idea Vodafone merger deal to cross $10 billion: Aditya Birla Group
Posted on 16th February 2018 |
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Mumbai: Aditya Birla Group expects savings from the merger between group company Idea Cellular Ltd and Vodafone Group Plc’s India unit to be significantly more than the $10 billion it forecast in March last year, group chief financial officer Sushil Agarwal said in an interview. The benefits accruing out of the Idea-Vodafone merger will increase on account of savings made by both Idea Cellular and Vodafone India Ltd because of synergies in capital and operating expenditure as the group now expects the merger to be completed much before the original deadline of September 2018. |
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