Idea Cellular (BOM:532822)

QUOTE AND NEWS
The Hindu Business Line  May 19  Comment 
The downtrend in the stock of Idea Cellular is gaining momentum. The stock recorded a high at ₹128 in April and has been in a strong downtrend since then. It has tumbled 16 per cent from this high. O...
The Hindu Business Line  May 19  Comment 
The Economic Times  May 19  Comment 
The GSM subscriber base in the country decreased by 2.14 lakh to 77.37 crore in April, mainly due to Videocon and Idea Cellular losing customers, COAI said.
The Economic Times  May 18  Comment 
April’s GSM subscriber base slipped 0.03% over March this year, the COAI added.
Cellular News  May 11  Comment 
Bango says that it has implemented Direct Carrier Billing (DCB) for Google Play with Idea Cellular in India. Click here for more.
The Economic Times  May 7  Comment 
Citing a study by Deloitte, the COAI, representing players like Airtel, Vodafone, Idea Cellular, said reducing SUC by 1 per cent can increase GDP by about Rs 1.76 lakh crore and reduce number of people below poverty line by 4.7 per cent.
The Economic Times  May 6  Comment 
Google and Idea Cellular had just announced the formal partnership for enabling carrier billing on Google Play store in the country.
The Economic Times  May 5  Comment 
Idea Cellular may look at bidding for the 700 MHz band in the upcoming auctions as the company has not ruled out completely the extremely high-priced band from its radar, a strategy that it believes every carrier will have till the last minute.
The Economic Times  May 5  Comment 
Carrier billing allows users to pay for digital content like apps from the Google Play Store via their telecom operator, using prepaid and postpaid accounts.
The Economic Times  May 5  Comment 
The stock has broken its 20- and 100-day moving averages in quick succession and is heading towards its 50-day moving average at Rs 108.67.
The Economic Times  May 2  Comment 
With the expansion, the company now offers 4G service in 101 towns. In 22 out these 101 towns, Idea has also become the sole operator to provide 4G LTE services, the company claimed.





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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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