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Idea Cellular Ltd (IDEA.NS)

IDEA.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

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

Idea Cellular, Vodafone India to sell standalone tower business to ATC Telecom Infrastructure for enterprise value of 78.5 bln rupees‍​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Idea Cellular Ltd ::Approved sale of co's standalone tower business held by Idea Cellular Infrastructure Services to ATC Telecom Infrastrucure Pvt Ltd‍​.Sale expected to be completed during first half of 2018.Vodafone India & co separately agreed to sell their standalone tower business in India to ATC Telecom Infrastructure for enterprise value of 78.5 billion rupees.Vodafone India will sell a business undertaking to ATC TIPL.  Full Article

Idea Cellular gets shareholders' nod for Vodafone merger
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Idea Cellular Ltd ::Gets shareholders' nod for scheme of amalgamation among Vodafone Mobile Services Ltd, Vodafone India Ltd & Idea Cellular Ltd.  Full Article

India's Idea Cellular says open to monetising tower assets
Monday, 13 Feb 2017 

India's Idea Cellular exec says: With arrival of the new entrant, Indian telecom sector will consolidate . Hopeful that data revenues will increase as subscribers migrate from voice to data . Looking to refinance higher cost borrowings on our balance sheet . Taking longer to bring customers to use paid 4G services due to free offering from new entrants . New entrant's growth has peaked and has slowed down from November . Working on cost optimisation on network front to reduce OPEX cost . Discussing a long-term deal with Vodafone, need to tread a very cautious path while signing these agreements . Open to monetising both our own towers as also our stake in Indus towers Further company coverage: [IDEA.NS] (Reporting By Promit Mukherjee and Swati Bhat) ((swati.bhat@thomsonreuters.com;)).  Full Article

Idea Cellular seeks members' nod for re-appointment of Himanshu Kapania as MD
Wednesday, 31 Aug 2016 

Idea Cellular Ltd : Seeks members' nod for re-appointment of Himanshu Kapania as MD . Seeks members' nod for issue of NCDs worth 100 billion rupees .  Full Article

Bharti Airtel adds about 1.07 mln subscribers in July - industry body
Tuesday, 23 Aug 2016 

CELLULAR OPERATORS ASSOCIATION OF INDIA: Bharti Airtel Ltd adds about 1.07 million subscribers in July - industry body . Vodafone India unit adds 326,557 subscribers in July - industry body . Idea Cellular Ltd adds 256,170 subscribers in July - industry body . Aircel adds 403,603 Mobile subscribers in July - industry body . Telenor India unit adds 19,049 subscribers in July - industry body . Further company coverage [BRTI.NS IDEA.NS] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Idea Cellular June-qtr ARPU 181 rupees
Monday, 8 Aug 2016 

Idea Cellular Ltd : June-quarter ARPU 181 rupees . June-quarter ARPM 0.48 rupees . Capex guidance for FY 2017 stands at INR 65-70 billion . June-quarter blended churn 5.2 pct .  Full Article

TABLE-India's mobile phone customer base falls 4.9 mln in Oct

Dec 12 India's mobile phone customer base in October fell 0.41 percent, or a net 4.85 million, to 1.18 billion, data released by the country's telecoms regulator showed on Tuesday. Following is a table of mobile phone subscriptions in India, the world's second-biggest wireless market by number of users, as of October 31. COMPANY CHANGE (MLN) TOTAL USERS (MLN) Bharti Airtel 3.1 285.2 Vodafone India

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