Idea Cellular (BOM:532822)

QUOTE AND NEWS
The Economic Times  Aug 8  Comment 
Vodafone India and Aditya Birla Group-promoted Idea Cellular on March 20 announced their much-awaited amalgamation.
The Times of India  Aug 7  Comment 
Sebi and exchanges have given a conditional go-ahead to the USD 23 billion merger deal between Idea Cellular and Vodafone India, which would be subject to the outcome of an ongoing probe by the regulator and approvals from public shareholders and...
The Economic Times  Aug 7  Comment 
Tata Steel, ICICI Bank, Gail, Hero MotoCorp were topping the Nifty50 pack.
The Economic Times  Aug 4  Comment 
In the Nifty50 pack, 27 stocks were trading in green, while 24 stocks were in red.
The Economic Times  Aug 3  Comment 
In the Nifty50 pack, 20 stocks settled in green, while 31 stocks in red.
The Hindu Business Line  Jul 28  Comment 
Shares of Idea Cellular today nosedived nearly 6 per cent as the company has posted a net loss of Rs 815.9 crore in the first quarter ended June 30. Idea Cellular had posted a profit of Rs 217.1 cr...
The Economic Times  Jul 28  Comment 
All sectoral indices were in red except for Nifty PSU Bank and Nifty Realty.
The Economic Times  Jul 28  Comment 
In the Nifty50 pack, 16 stocks were trading in green, while 35 stocks were in red.
The Economic Times  Jul 28  Comment 
Idea ended June with 189 million users, compared with 189.5 million it had at the end of March.
The Hindu Business Line  Jul 27  Comment 
The Aditya Birla group’s Idea Cellular Ltd, the country’s third largest telecom network provider by number of subscribers, reported its third straight quarter of losses for the April-June 2017 perio...





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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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