Idea proposal to raise FDI to 100% may get DoT nod within a week
Posted on 28th May 2018 |
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NEW DELHI: The Department of Telecommunications (DoT) may clear Idea Cellular’s proposal to increase foreign direct investment (FDI) to 100% in the company within a week, having received all necessary documentation from the Aditya Birla group company and Vodafone India, senior officials said. |
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DoT clears Idea’s sale of cellular towers to American Tower Company
Posted on 25th May 2018 |
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The Department of Telecommunications (DoT) has given a go-ahead to the sale of Idea Cellular’s standalone telecom towers to a subsidiary of American Tower Corp (ATC). Idea through its wholly owned subsidiary Idea Cellular Infrastructure Services (ICISL) has a portfolio of 9,900 towers with a tenancy ratio of 1.80x (September 2017). During the first half of FY18, ICISL had revenues of Rs 597 crore and an EBITDA of Rs 194 crore. |
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Idea launches Rs 499 prepaid recharge plan to counter Jio Rs 498 plan
Posted on 24th May 2018 |
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Idea has introduced a new prepaid recharge pack worth Rs 499 for its customers to up the game against the incumbents such as Jio, Airtel, Vodafone, and BSNL. The new Idea Rs 499 prepaid recharge offers the customers calling and data benefits for a validity of 82 days. The company has made this recharge pack available under the Unlimited Recharge line of tariffs across many circles. |
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Mukesh Ambani’s latest punch: Reliance Jio Rs 199 offer to hit Bharti Airtel, Idea revenues, says CLSA
Posted on 18th May 2018 |
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Rs 199 Jio offer impact: After billionaire Mukesh Ambani-run telecom player Reliance Jio launched a new postpaid plan at Rs 199, global brokerage firm CLSA has cut its revenue estimates for Bharti Airtel and Idea-Vodafone. According to the firm, there is risk of Jio’s latest post paid plan on the incumbents. Earlier this month, Reliance launched a new postpaid plan at Rs 199 offering 25GB of data and unlimited voice and SMS. |
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Idea, Vodafone may face conflict of interest in telecom tower deal
Posted on 16th May 2018 |
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New Delhi: The merged entity of Vodafone India Ltd and Idea Cellular Ltd is likely to face a conflict of interest when it plans to buy tenancies as the two companies have telecom tower operator American Tower Corp. (ATC) as a preferred vendor and at the same time also have stakes in its rival Indus Towers-Bharti Infratel combine. |
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Idea Vodafone may face conflict of interest in telecom tower deal
Posted on 15th May 2018 |
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New Delhi: The merged entity of Vodafone India Ltd and Idea Cellular Ltd is likely to face a conflict of interest when it plans to buy tenancies as the two companies have telecom tower operator American Tower Corp. (ATC) as a preferred vendor and at the same time also have stakes in its rival Indus Towers-Bharti Infratel combine. |
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Ringing in change: Idea, Airtel tumble on Jio’s new plan
Posted on 12th May 2018 |
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Shares of incumbent operators Bharti Airtel and Idea Cellular tumbled on Friday following Reliance Jio Infocomm’s announcement of a new postpaid plan on Thursday evening after market hours, which has brought the tariff war in a segment (post-paid) that was so far untouched by its disruptive pricing. While shares of Idea Cellular on the BSE fell 11.83% to end at Rs 51.45 each, Bharti Airtel saw a drop of 6.44% to close at Rs 385.70. |
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Telecom M&As: Idea-Vodafone merger on fast track, says Telecom Secretary
Posted on 11th May 2018 |
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With the Supreme Court making it clear that the government cannot insist that telecom companies undergoing merger and acquisition need to pay the one-time spectrum charge (OTSC) levied on them, the telecom department on Thursday said that the Bharti-Telenor deal will be approved in less than a month’s time and that the Idea-Vodafone merger will also be expedited so that it can be completed by June, the time frame set by the companies. |
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DoT to clear mergers of Airtel-Telenor, Vodafone-Idea: Aruna Sundararajan
Posted on 10th May 2018 |
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The Department of Telecommunications (DoT) is expected to clear the mergers of Bharti Airtel-Telenor and Vodafone-Idea soon, a move that will bring some stabilisation in the telecom sector currently battling financial stress. According to Telecom Secretary Aruna Sundararajan, the go-ahead for Airtel-Telenor deal is likely within a month whereas that of Vodafone-Idea will also be granted shortly as DoT does not want to create any delays. |
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