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Idea Cellular Ltd (IDEA.NS)

IDEA.NS on National Stock Exchange of India

54.65INR
23 May 2018
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Rs-0.25 (-0.46%)
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Volume
11,624,433
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Latest Key Developments (Source: Significant Developments)

Idea Cellular Rolls Out VoLTE Services For Customers In 6 Major Markets
Tuesday, 1 May 2018 

May 1 (Reuters) - Idea Cellular Ltd ::SAYS CO ROLLS OUT VOLTE SERVICES FOR CUSTOMERS IN 6 MAJOR MARKETS.  Full Article

Vodafone Announces Merger Of Bharti Infratel, Indus Towers
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Vodafone Group Plc ::MERGER OF BHARTI INFRATEL AND INDUS TOWERS.MERGER OF BHARTI INFRATEL AND INDUS TOWERS.MERGER OF BHARTI INFRATEL AND INDUS TOWERS: CREATING A LISTED PAN-INDIA TOWER COMPANY.MERGER OF BHARTI INFRATEL AND INDUS TOWERS: CREATING A LISTED PAN-INDIA TOWER COMPANY.DEAL TRANSACTION VALUES INDUS TOWERS AT AN ENTERPRISE VALUE OF INR715BN.ALL PROCEEDS FROM SALE OF 11.15% STAKE WILL BE FOR BENEFIT OF ENTITY RESULTING FROM MERGER OF VODAFONE INDIA AND IDEA GROUP.BHARTI AIRTEL AND VODAFONE WILL JOINTLY CONTROL COMBINED COMPANY.DEAL IS EXPECTED TO CLOSE BEFORE END OF FINANCIAL YEAR ENDING 31 MARCH 2019.VODAFONE WILL BE ISSUED WITH 783.1M NEW SHARES IN COMBINED COMPANY, IN EXCHANGE FOR ITS 42% SHAREHOLDING IN INDUS TOWERS.BHARTI AIRTEL AND VODAFONE HAVE AGREED A CAPITAL STRUCTURE AND DIVIDEND POLICY WHICH IS EXPECTED TO BE IMPLEMENTED POST COMPLETION.  Full Article

Bharti Infratel Announces Merger With Indus Towers
Wednesday, 25 Apr 2018 

April 25 (Reuters) - Bharti Infratel Ltd ::ANNOUNCES MERGER OF BHARTI INFRATEL AND INDUS TOWERS.TRANSACTION VALUES INDUS TOWERS AT AN ENTERPRISE VALUE OF 715 BILLION RUPEES.COMBINED COMPANY, WHICH WILL FULLY OWN BUSINESSES OF CO AND INDUS TOWERS, WILL CHANGE ITS NAME TO INDUS TOWERS LIMITED.BHARTI AIRTEL AND VODAFONE WILL JOINTLY CONTROL THE COMBINED COMPANY.BHARTI AIRTEL AND VODAFONE WILL HAVE EQUAL RIGHTS IN THE COMBINED COMPANY.BHARTI AIRTEL AND VODAFONE HAVE AGREED A CAPITAL STRUCTURE AND DIVIDEND POLICY WHICH IS EXPECTED TO BE IMPLEMENTED POST COMPLETION.BOARD OF COMBINED CO WILL COMPRISE OF 11 DIRECTORS, OF WHOM THREE WILL BE APPOINTED BY EACH OF BHARTI AIRTEL AND VODAFONE.PROVIDENCE HAS OPTION TO ELECT TO GET CASH/SHARES FOR 3.35 PERCENT OF 4.85 PERCENT STAKE IN INDUS TOWERS WITH BALANCE EXCHANGED FOR SHARES.PRO FORMA FOR THE TRANSACTION, THE COMBINED CO’S EQUITY VALUE WOULD BE 965 BLN RUPEES.  Full Article

Bharti Infratel, Indus Towers Merger In Final Stages- CNBC TV18 Citing Sources
Wednesday, 18 Apr 2018 

April 18 (Reuters) - :BHARTI INFRATEL, INDUS TOWERS MERGER IN FINAL STAGES, ANNOUNCEMENT LIKELY SOON - CNBC TV18 CITING SOURCES.AIRTEL, VODAFONE LIKELY TO BE JOINT PROMOTERS OF MERGED CO; IDEA TO EXIT BY SELLING 11.15 PERCENT STAKE IN INDUS - CNBC TV18 CITING SOURCES.KKR TO CONTINUE AS A MINORITY SHAREHOLDER WITH CLOSE TO 6 PCT STAKE IN MERGED CO; MERGED CO TO BE VALUED OVER $16 BLN - CNBC TV18 CITING SOURCES .  Full Article

India's Idea Cellular Dec Qtr Consol Loss Widens
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Idea Cellular Ltd ::SAYS DEC QUARTER NET LOSS AFTER TAX 13.52 BILLION RUPEES.DEC QUARTER CONSOL NET LOSS AFTER TAX 12.85 BILLION RUPEES VERSUS LOSS OF 3.84 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER CONSOL LOSS WAS 12.80 BILLION RUPEES.DEC QUARTER CONSOL REVENUE FROM OPERATIONS 65.10 BILLION RUPEES VERSUS 86.63 BILLION RUPEES LAST YEAR.SAYS QUARTER IMPACTED BY IUC REDUCTION, SUSTAINED RATE PRESSURE AND INDUSTRY CONSOLIDATIONS.REVENUE IMPACTED BY IUC SETTLEMENT RATES REGULATION FOR THE QUARTER IS 8.20 BILLION RUPEES.SAYS AS AT DEC 31, NET DEBT WAS 557.82 BILLION RUPEES.THE FIRST ALERT WAS SOURCED FROM TV AND WAS LATER CONFIRMED FROM A PRESS RELEASE ISSUED BY THE COMPANY‍​.  Full Article

Bharti Airtel Adds 576,575 Subscribers In Dec - Industry Body
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Cellular Operators Association of India: :BHARTI AIRTEL LTD <<>> ADDS 576,575 SUBSCRIBERS IN DEC - INDUSTRY BODY.VODAFONE INDIA UNIT ADDS 1.5 MILLION SUBSCRIBERS IN DEC - INDUSTRY BODY.IDEA CELLULAR LTD <<>> ADDS 2.4 MILLION SUBSCRIBERS IN DEC - INDUSTRY BODY.AIRCEL LOSES 2.7 MILLION SUBSCRIBERS IN DEC- INDUSTRY BODY.TELENOR INDIA UNIT LOSES 1.7 MILLION SUBSCRIBERS IN DEC- INDUSTRY BODY.  Full Article

Idea Cellular Says NCLT Sanctioned Co's Merger With Vodafone
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Idea Cellular Ltd ::SAYS NCLT SANCTIONS CO'S MERGER WITH VODAFONE MOBILE SERVICES LTD, VODAFONE INDIA LTD.  Full Article

Bharti Airtel Adds 4.3 Mln Subscribers In Nov - Industry Body
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Cellular Operators Association of India::ADDS 4.3 MILLION SUBSCRIBERS IN NOV - INDUSTRY BODY.VODAFONE INDIA UNIT ADDS 2.7 MILLION SUBSCRIBERS IN NOV - INDUSTRY BODY.ADDS 3.2 MILLION SUBSCRIBERS IN NOV - INDUSTRY BODY.AIRCEL LOSESS 665,916 MOBILE SUBSCRIBERS IN NOV - INDUSTRY BODY.TELENOR INDIA UNIT LOSES 1.2 MILLION SUBSCRIBERS IN NOV - INDUSTRY BODY.  Full Article

Vodafone Group Says Stake In Combined Entity After Vodafone India- Idea Merger To Be 47.5 PCT
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Vodafone Group Plc :IDEA CELLULAR LIMITED ANNOUNCED TODAY THE INTENTION TO RAISE UP TO INR67.5 BILLION (€882 MILLION) OF EQUITY.EQUITY RAISE WILL BE ACHIEVED THROUGH A INR32.5 BILLION (€425 MILLION) PREFERENTIAL ALLOTMENT TO THE ADITYA BIRLA GROUP ENTITIES ("ABG") .VODAFONE GROUP PLC - ABG AND VODAFONE HAVE AGREED THAT ABG WILL BUY A MINIMUM OF 2.5% OF MERGED ENTITY FROM VODAFONE.VODAFONE GROUP PLC - VODAFONE WILL RECEIVE MINIMUM PROCEEDS OF INR19.6 BILLION (EUR 256 MILLION) FROM SUCH SALE.VODAFONE GROUP PLC - VODAFONE'S OWNERSHIP IN COMBINED ENTITY IS EXPECTED TO BE APPROXIMATELY 47.5% AT COMPLETION.  Full Article

Idea Cellular To Consider Proposal For Raising Funds
Monday, 1 Jan 2018 

Jan 1 (Reuters) - Idea Cellular Ltd ::SAYS TO CONSIDER PROPOSAL FOR RAISING FUNDS VIA PREFERENTIAL ALLOTMENT, QIP OR RIGHTS ISSUE.  Full Article

Photo

End of an era as Vodafone boss Colao hands over to protege Read

LONDON Vodafone Chief Executive Vittorio Colao will step down in October after 10 years in which the Italian reshaped the world's second largest mobile operator into a digital communications powerhouse with a string of major deals. | Video

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