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Idea Cellular Ltd (IDEA.NS)

IDEA.NS on National Stock Exchange of India

81.70INR
4:40am GMT
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Rs0.50 (+0.62%)
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Rs123.50
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Rs71.45

Latest Key Developments (Source: Significant Developments)

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

Bharti Airtel adds 3.1 mln subscribers in Oct - industry body
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Cellular Operators Association of India::Bharti Airtel Ltd adds 3.1 million subscribers in October - industry body.Vodafone India unit adds 879,413 subscribers in October- industry body.Idea Cellular Ltd adds 713,408 subscribers in October- industry body.Aircel loses 497,264 mobile subscribers in October- industry body.Telenor India unit loses 1.1 million subscribers in October - industry body.  Full Article

Vvodafone India, Idea Cellular to sell standalone tower businesses in India to ATC Telecom Infrastructure
Monday, 13 Nov 2017 

Nov 13 (Reuters) - VODAFONE GROUP PLC ::‍VODAFONE INDIA & IDEA - SALE OF STANDALONE TOWERS​.‍VODAFONE INDIA, IDEA CELLULAR TO SELL STANDALONE TOWER BUSINESSES IN INDIA TO ATC TELECOM INFRASTRUCTURE FOR ENTERPRISE VALUE OF INR78.5 BILLION​.‍IDEA WILL SELL ITS ENTIRE STAKE IN ICISL AND VODAFONE INDIA WILL SELL A BUSINESS UNDERTAKING TO ATC TIPL​.  Full Article

India's Idea Cellular posts Sept-qtr consol loss
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Idea Cellular Ltd ::Sept quarter consol net loss after tax 11.07 billion rupees versus profit of 915 million rupees last year.Consensus forecast for Sept quarter consol loss was 11.25 billion rupees.Sept quarter consol revenue from operations 74.66 billion rupees versus 93 billion rupees last year.Sept quarter ARPU 132 rupees.Net debt as on Sept 30, 2017 541 billion rupees.  Full Article

American Tower to buy tower businesses from Vodafone India and Idea Cellular
Monday, 13 Nov 2017 

Nov 12 (Reuters) - American Tower Corp -:American Tower announces entry into agreements to acquire tower businesses from Vodafone India and Idea Cellular.Deal ‍expected to generate abt $320 million in property revenue, abt $120 million in gross margin during their first full year​.‍SG&A associated with assets is expected to be less than about $10 million for first year​.‍Cash consideration for deal is expected to to be about $1.2 billion​.  Full Article

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Leaner Anglo boosts earnings, but miner's share rally stalls

LONDON Anglo American said on Thursday annual earnings rose 45 percent and net debt halved as the miner rebounded from a commodities slump and said it had become a fundamentally different business focused on productivity.

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