Idea Cellular (BOM:532822)

QUOTE AND NEWS
The Economic Times  1 hr ago  Comment 
TDSAT is hearing an appeal by incumbent players Bharti Airtel and Idea Cellular challenging TRAI's decision to allow the new operator to continue free promotional offer beyond the stipulated 90 days.
The Hindu Business Line  10 hrs ago  Comment 
Idea Cellular shares gained as much as 5.5 per cent to Rs 111.75, posting their biggest intraday percentage gain in over two weeks. Vodafone Group and Idea are likely to seal a merger pact within ...
The Economic Times  Feb 19  Comment 
The talks between Vodafone India and Idea Cellular about a possible union have generated massive interest in who would head a merged entity.
The Hindu Business Line  Feb 17  Comment 
Shares of Idea Cellular and BHEL fell up to 6 per cent today as these companies will move out of National Stock Exchange’s Nifty 50 index from March 31. Reacting to the exclusion, the scrip of Idea...
The Economic Times  Feb 17  Comment 
Idea Cellular plunged 5.75 per cent to hit a low of Rs 101.65 after the stock was excluded from Nifty50. BHEL fell 2.48 per cent to hit a low of Rs 101.65.
The Hindu Business Line  Feb 16  Comment 
BHEL and Idea Cellular have been removed from the benchmark Nifty 50 index, NSE’s index provider IISL said in a statement on Thursday. The two stocks will be replaced by Indiabulls Housing and IOC ...
The Hindu Business Line  Feb 14  Comment 
Aditya Birla Nuvo net profit was down 21 per cent in the December quarter at ₹206 crore against ₹262 crore logged in the same period last year, largely due to lower contribution by its subsidiary Idea...
The Economic Times  Feb 14  Comment 
From the Nifty50 pack, Bharti Airtel rose 2.96 per cent, GAIL 2.92 per cent, Idea Cellular 2.10 per cent, BHEL 1.98 per cent, RIL 1.77 per cent to emerge top gainers.
The Hindu Business Line  Feb 13  Comment 
The stock of Idea Cellular fell over 3 per cent on Monday, owing to its weak December quarter results. Reliance Jio’s launch, intensifying competition, impacted Idea’s voice and data business duri...
The Economic Times  Feb 13  Comment 
Net sales of the company declined 3.79 per cent year-on-year to Rs 8,662.72 crore for the quarter under review against Rs 9,004.18 crore in the same quarter last year.





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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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