Idea Cellular (BOM:532822)

QUOTE AND NEWS
The Hindu Business Line  May 18  Comment 
Full year consolidated net profit dips 43%
The Hindu Business Line  May 17  Comment 
Expanding its 4G connectivity in Rajasthan, Idea cellular launched 4G Internet services here on Wednesday.The company already has the 4G network at Bhiwadi, Bharatpur, Chomu, Ajmer, Sikar, Alwar, Jhu...
The Times of India  May 16  Comment 
Vodafone reported a 10.2 per cent dip in its FY17 operating profit at Rs 11,784 crore, hurt by aggressive competition from Reliace Jio. The company, which is set to be merged with Idea Cellular, had reported an EBITDA profit of Rs 13,115 crore on...
The Economic Times  May 15  Comment 
Customers will move to a superior network and despite the new entrant adding 75 million customers, the losses by the three operators are almost insignificant.
The Hindu Business Line  May 15  Comment 
₹1.07 lakh crore debt post merger with Vodafone is a point of concern
The Economic Times  May 15  Comment 
Market breadth remained fairly positive despite mixed economic global cues.
The Hindu Business Line  May 15  Comment 
Shares of Idea Cellular fell on March-quarter results. Shares of India's third largest operator, Idea Cellular Ltd fell, as much as 3.4 per cent to Rs 89.25. The company has posted a consolidated...
The Economic Times  May 15  Comment 
The company's stock fell 4.22 per cent to hit a low of Rs 88.40 on BSE.
The Times of India  May 14  Comment 
Telecom major Idea Cellular’s on Saturday announced its net loss for March quarter at Rs 327.7 crore, which hassled the Street expectations on the back of big gains in bottom line.





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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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