| IDEA Cellular Limited Related news |
Bharti Airtel, Idea Cellular in focus on tariff hike buzz
Posted on 1st August 2014 |
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Telecom stocks – Bharti Airtel, Idea Cellular and Reliance Communications (RCom) – are trading higher by as much as 3% on reports that mobile tariffs could rise between 8–9% going ahead. In an interview with Economic Times, Telecom Regulatory Authority of India (Trai) chairman, Rahul Khullar has suggested that he sees mobile call rates rising by 8-9% over the year as phone companies weed out freebies. |
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Idea Cellular profit jumps 57%
Posted on 22nd July 2014 |
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Idea Cellular, India’s third largest telecom operator by subscriber base, has reported a 57 per cent jump in profit after tax at Rs 728 crore in the quarter ended June, beating analysts’ estimates. The company’s profit increased on the back of higher call rates and a 11.5 per cent growth in data usage. In June 2013, Idea had reported profit after tax of Rs 462.7 crore. |
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Good entry point in ITC, BoB, Idea
Posted on 27th June 2014 |
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Owing to the all-round rally after the election results, most stocks are trading at rich valuations. Surprisingly, however, some prominent stocks haven’t participated in this rally— between May 16 and June 25, ITC, United Breweries, Adani Enterprises, Bank of Baroda (BoB) and Idea Cellular (Idea) were the top losers among BSE 100 stocks. Three of these—ITC, BoB and Idea — are among the top picks of brokerages and, therefore, offer a buying opportunity. |
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Idea Cellular rises after RBI allows FII limit hike
Posted on 16th June 2014 |
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Idea Cellular is trading higher by over 1% at Rs 137 in otherwise weak market, after the Reserve Bank of India (RBI) announced that foreign institutional investors (FIIs) can now purchase up to 49% stake in telecom operator. The FII limit in the company was 24% earlier. “FIIs, through primary market and stock exchanges, can now purchase up to 49% of the paid-up capital of Idea Cellular Limited under the Portfolio Investment Scheme (PIS),” the RBI said in release on Friday. |
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Idea Cellular raises Rs 3,000 cr via QIP
Posted on 13th June 2014 |
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Idea Cellular Limited, India’s third largest cellular operator, said on Thursday that it has priced its Rs 3,000-crore sale of shares to qualified institutional buyers at Rs 134 apiece. Last Thursday, the company had announced a floor price of Rs 136.98 a share. The final price includes a premium of Rs 124 a share. Idea Cellular closed the issue today. |
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Idea Cellular to raise Rs750 cr by issuing shares to Axiata Group
Posted on 11th June 2014 |
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Mumbai: Idea Cellular Ltd is planning to raise Rs.750 crore by issuing equity shares to Axiata Group Bhd of Malaysia on a preferential basis. India’s third largest wireless service operator will issue 51 million equity shares at Rs.144.68 apiece, aggregating to approximately Rs.750 crore on a preferential basis to Axiata Investments 2 (India) Ltd, a wholly owned subsidiary of Axiata Group. |
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Idea plans up to $500m share sale on June 5: Sources
Posted on 5th June 2014 |
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Mobile phone operator Idea Cellular Ltd plans to launch a share sale to raise as much as USD 500 million on June 5 to part fund its capital expenditure including a purchase of mobile radiowaves, three people involved in the deal said. |
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