Idea Cellular has dipped almost 8% to Rs 75.75 in noon trades on huge volume. As many as a combined 3.96 million shares have changed hands on the counter so far, as against an average of around 2.5 million shares that were traded daily in past two weeks.
While acknowledging the telecom ministry was yet to issue guidelines for the auction, the company felt with time running out, it was important for it to place its observations with Trai.
Telecom operator Idea Cellular has added the maximum number of subscribers at 3.32 million due to mobile number portability (MNP) followed by Vodafone (2.89 million) and Airtel (1.21 million) as on March 31, 2012."Idea Cellular received 9.29
Aditya Birla group company Idea Cellular today announced a 12.7 per cent drop in its consolidated net profit to Rs 239 crore in the quarter ended March, as compared to Rs 274 in the same quarter last year.
Shares of telecom services provider companies such as Idea Cellular, Reliance Communications and Bharti Airtel have plunged more 3% each second day in a row after the Telecom Regulatory Authority of India (Trai) on Monday proposed a high reserve price for
Among the individual stocks,Idea Cellular has tanked 7.5% to Rs 81.55, followed by Reliance Communications (down 6%) and Bharti Airtel (down 4%) on the Bombay Stock Exchange.
The country’s top three mobile players — Bharti Airtel, Vodafone and Idea Cellular — have together accounted for 80.8 per cent of the 6.88 million net additions to the GSM subscriber base in March.
Of all the listed telecom service providers, Idea’s performance over the last few quarters has been most impressive. Monthly subscriber additions and the quality of its earnings have outpaced most of its peers, say analysts.
The country's three telecom majors Bharti Airtel, Idea Cellular and Loop Mobiles and their top officials were summoned today by a Delhi court for allegedly violating TRAI regulations on mobile number portability.
The government and telecom service providers were heading towards a virtual deadlock on the issue of telecom companies providing facilities to meet the May 31 deadline of tracking caller locations on real-time basis.
Networking gear maker Ericsson has signed an agreement with Idea Cellular to provide managed services in five Indian telecom circles, the company said on Tuesday. The circles include Mumbai, Jammu and Kashmir, Himachal Pradesh, Northeast, and Assam.
The Aditya Birla Group company, Idea Cellular, on Tuesday filed a clarificatory application in the Supreme Court, over the cancellation of its telecom licences.
The usually reticent chairman of the $35-billion Aditya Birla Group, Kumar Mangalam Birla, said on Tuesday cancellation of Idea Cellular’s licences was “a bolt from the blue&".
Idea Cellular on Monday clarified that the company was one of the original mobile operators and has merged with Spice communications in a court approved order.
While the SC verdict on 2G licences was a blow to the telecom industry, companies such as Bharti Airtel and Idea Cellular, backed by private equity (PE) players, have benefited.
Aditya Birla Group company Idea Cellular on Monday reported a 17 per cent fall in consolidated net profit to Rs 201 crore for the quarter ended December 31, from Rs 243 crore in the same quarter last year.
Idea Cellular has moved higher by 5% at Rs 88.30 after reporting strong 90% quarter-on-quarter (q-o-q) growth in net profit at Rs 201 crore for December compared with Rs 105.76 crore in the previous quarter.
Aditya Birla Group firm Idea Cellular today reported a nearly 18% dip in consolidated net profit to Rs 200.9 crore for the quarter ended December 31, 2011, on account of higher depreciation and financing costs with respect to 3G investments.
The Telecom Department has sought shareholding pattern of the Tatas in the erstwhile BATATA (now Idea), between 2004 and 2006, from the Corporate Affairs Ministry to see if there was any violation of licence norms with regard to cross holding of equity.
