Idea Cellular (BOM:532822)

QUOTE AND NEWS
The Economic Times  Mar 3  Comment 
Most of the spectrum being put up for the auction is presently held by Airtel, Vodafone, Idea Cellular and Reliance Telecom.
The Economic Times  Feb 23  Comment 
JSPL and DLF will also be dropped from CNX 100, which constitutes set of 100 most valuable stocks on the exchange.
The Economic Times  Feb 19  Comment 
“The interest levels in these auctions are turning out to be higher than expected,” Credit Suisse wrote in a report.
The Economic Times  Feb 19  Comment 
Nokia bagged 34 contracts, the highest in the past four years, from major Indian operators in 2014, including for 2G and 3G expansion and 4G deployment.
The Hindu Business Line  Feb 2  Comment 
Aditya Birla Nuvo Limited has submitted an application to the Reserve Bank of India for obtaining license for setting-up a Payments Bank.   As per the proposed structure, ABNL will b...
The Economic Times  Jan 27  Comment 
Himanshu Kapania was non-committal on participation in the 3G sale. He said that the company would need to balance its spending.
The Hindu Business Line  Jan 27  Comment 
Idea Cellular today reported a nearly 64 per cent jump in its net profit at Rs 767.06 crore for the quarter ended December 31, 2014 on the back of growth in data volume and voice minutes. ...
The Hindu Business Line  Jan 27  Comment 
Aditya Birla group company Idea Cellular has reported a 64 per cent rise in net profit for the third quarter ended December 31, 2014. The company’s net profit went up to Rs 767 crore from...
Reuters  Jan 27  Comment 
India's Idea Cellular Ltd posted a 64 percent rise in quarterly profit as it added more subscribers than rivals did, boosting data and talk time usage.
The Economic Times  Jan 27  Comment 
India’s rural subscriber base, with 4.15 million new connections in December, grew 1.3% over November, taking the total rural GSM consumers to 319.79 million.





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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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