| IDEA Cellular Limited Related news |
Idea Cellular board approves Rs3,500 crore QIP issue
Posted on 14th February 2018 |
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New Delhi: Idea Cellular Ltd’s board of directors has approved the issuance of equity shares worth up to Rs3,500 crore by way of qualified institutional placement (QIP) to eligible investors, the company said in a filing to the stock exchanges on Wednesday. “The board has authorised the committee of directors to decide on the timing, price and exact quantum of equity shares to be issued,” the company said. |
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Idea suspends interconnect services with Aircel
Posted on 8th February 2018 |
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Idea Cellular on Wednesday said it has suspended interconnect services with Aircel because of non-payment of dues by the latter despite repeated reminders. “Despite several reminders for releasing the dues since November 2017, the operator (Aircel) has failed to meet its payment commitments, forcing Idea to suspend interconnect services, as per the terms of interconnect agreement between both parties,” the company said. |
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Idea partners Karbonn to offer cashbacks on smartphones, feature phones
Posted on 31st January 2018 |
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Idea Cellular on Tuesday said that it has partnered with domestic handset maker Karbonn to offer cashbacks worth Rs 1,500 and Rs 1,000 on smartphones and feature phones, respectively. This is Karbonn’s second such tie-up. It had partnered with Bharti Airtel last year to offer cashbacks on a select range of smartphones under the operator’s ‘Mera Pehla Smartphone’ offer. |
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Idea seeks government nod for raising FDI limit to 100%
Posted on 27th January 2018 |
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New Delhi: Telecom operator Idea Cellular has approached the government for raising foreign direct investment (FDI) level in the company to 100%. “Application made to DIPP (Department of Industrial Policy and Promotion) for 100% FDI in Idea,” the company said in an investor presentation. |
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Here’s why CLSA is bullish on Idea shares despite biggest ever quarterly loss in Q3
Posted on 25th January 2018 |
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Global research firm CLSA has maintained a buy on the shares of Idea Cellular, despite the telecom major posting its biggest ever quarterly loss in Q3. India’s third-largest telecom company posted a net loss of Rs 1,284.5 crore for the quarter ended 31 December 2017, saying that a ‘sharp’ cut in the call connect charges and tariff war amid the telecom companies hit the earnings. Notably, the shares of Idea Cellular slid to a one-month low after the Aditya Birla group telecom company’s net loss for the October-December period more than tripled. |
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What Idea Cellular took 17 years to achieve, Reliance Jio did in 16 months
Posted on 23rd January 2018 |
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It’s been only 16 months since Reliance Jio Infocomm Ltd launched commercial operations, but it may have already overtaken Idea Cellular Ltd on revenue. The new entrant reported revenue of Rs6,879 crore for the December quarter. In comparison, Idea Cellular is expected to report revenue of around Rs6,700 crore, based on consensus Street estimates. |
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Idea Cellular offers 'cashback' worth Rs 3,300 on Rs 398 recharge
Posted on 19th January 2018 |
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NEW DELHI: Telecom service provider Idea Cellular on Thursday announced "cashback offer" worth Rs 3,300 on online recharges of Rs 398 and above till February 10, 2018. "On all 'Unlimited' plan recharges of Rs. 398 and above, done through any online channel, Idea customers will get eight discount vouchers of Rs. 50 each," the company said in a statement here. |
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Idea now offers Rs 3300 cashback on Rs 398 or above recharges to counter Jio
Posted on 18th January 2018 |
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Idea Cellular has announced its new ‘Magic Cashback Offer’ that will get users a cashback of up to Rs 3,300 on the purchase of Rs 398 pack or higher. Idea’s Magic Cashback offer will take on Jio offer, which was refreshed earlier this week, to offer ‘More than 100 percent cashback’ on the same recharge value of Rs 398 or higher. Although, Idea’s new offer has the same benefits as the ones given by Reliance Jio earlier. |
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Airtel, Idea, Vodafone to bear brunt of cut in international call termination charges
Posted on 16th January 2018 |
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New Delhi: The Telecom Regulatory Authority of India’s (Trai) decision to reduce the international call termination charge from 53 paise a minute to 30 paise a minute will crimp the earnings of Bharti Airtel Ltd, Idea Cellular Ltd and Vodafone India Ltd, analysts said. The move will also impact newcomer Reliance Jio Infocomm Ltd, which was advocating a cut. |
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NCLT approves Idea-Vodafone merger
Posted on 13th January 2018 |
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New Delhi: The National Company Law Tribunal has approved the proposed merger between Vodafone India Ltd and Idea Cellular Ltd to create India’s largest mobile wireless company, the latter said in a filing to the stock exchanges on Friday. The two companies now require only the Department of Telecommunications’s approval to proceed with the merger, having already received the green signal from both the antitrust watchdog Competition Commission of India and the Securities and Exchange Board of India, in July. |
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