Idea Cellular (BOM:532822)

QUOTE AND NEWS
The Hindu Business Line  Aug 11  Comment 
Idea Cellular has its own plans, says chairman
The Economic Times  Aug 11  Comment 
UBS maintains buy target on Idea Cellular post June quarter results with a 12-month target price of Rs 180
The Economic Times  Aug 10  Comment 
Sell Idea Cellular Ltd. at a price target of Rs 92.0 and a stop loss at Rs 101.0 from entry point
The Economic Times  Aug 9  Comment 
While Bharti Airtel likely to spend $700 mn to $1 bn for plugging 3G/4G spectrum gaps, Vodafone India and Idea Cellular are likely to bid a maximum $2 bn and $1.3 bn, respectively.
The Economic Times  Aug 9  Comment 
Shares of telecom major Idea Cellular today rose over 5 per cent in morning trade after the company reported a 57 per cent jump in net profit for the June quarter.
The Hindu Business Line  Aug 9  Comment 
Shares of Tata Motors rose as much as 1.4 per cent on robust July global sales. Global wholesales in July, including Jaguar Land Rover, were higher by 20 per cent. Analysts at Motilal Oswal wer...
The Economic Times  Aug 9  Comment 
The stock slumped 6.35 per cent to hit a low of Rs 96.55 on BSE over its previous session’s closing of Rs 103.10. Net debt for the quarter stood at Rs 37,660 crore as of June 30.
Reuters  Aug 8  Comment 
Idea Cellular, India's third-largest telecom company, posted a 74 percent drop in its consolidated first-quarter net profit as a one-time finance cost for spectrum and lower voice revenues pushed its income down.
The Economic Times  Aug 8  Comment 
India's third largest telco Idea Cellular's net profit is estimated to slip 23.5 percent at Rs.440 crore in April-June quarter from Rs.575.6 crore in the quarter-ago period.
The Economic Times  Aug 4  Comment 
Idea Cellular, India’s third largest telco, said that its 4G services are now available across all 21 districts of Haryana telecom service area.





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History

Idea cellular Ltd. is one of the bigger players in growing Telecom sector of India.

Initially the Birlas, the Tatas and AT&T Wireless each held one-third equity in the company. But in 2004 AT&T merger with Cingular lead to sale its equity share to Tata and Birlas in equal propotion.

After that TATA ventured in CDMA service with TATA indicom that arises differences between both the partners. (Tata and Birala's)

Following that when TATA Indicom applied for license in Mumbai DOT India refuses to give license. (A single company cant operate in a sector with two different operators i.e. Idea and tata indicom)

Then in 2006 Aditya Birla Group bought out Share of TATAs in Idea cellular.

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