Page 3 - Idea Cellular

Idea Cellular to offer free incoming calls on domestic roaming

Earlier, Bharti Airtel had also removed domestic roaming charges on calls and data

Providence Equity exits Idea Cellular

US-based private equity (PE) player Providence Equity Partners sold 3.3 per cent of its stake in telecom provider Idea Cellular through block deal on Tuesday. The total value of the deal was Rs 1,278 crore and multiple investors including Goldman Sachs picked up the stake, BSE data showed. This stake sale marks complete exit of Providence from Idea Cellular. Shares of Idea closed at Rs 115.45 apiece in the BSE, up by Rs 0.85 or 0.74 per cent. The deal has taken place at a time when Idea is in talks with its peer Vodafone on a possible merger. The news of possible merger led to spiraling of Idea stock. The scrips have surged nearly 65 per cent since its low in January.Providence had bought 15 per cent in Idea Cellular in 2006 for around Rs 1,800 crore through its investment arm - P5 Asia Investment (Mauritius). Since then, it has diluted its stake in tranches. The last tranche was in June 2016, when the PE investor sold 3.3 per cent stake through a block deal worth Rs 1,375 crore. ...

Idea Cellular dips 7% after huge block deal

In past one month, the stock had outperformed the market by surging 47% till Monday.

Providence to sell 3.3% of Idea Cellular stake in block deal

US-based private equity (PE) player Providence Equity Partners will sell 3.3 per cent of its stake in Indian telecom provider Idea Cellular through a block deal. The block deal would mark the complete exit of Providence from Idea Cellular.According to official press release, the shares will be offered in the range of Rs 106.5 to Rs 114.55 apiece. At the lower price range, the discount offered would be seven per cent to Monday's close price and the total value of the block trade would be Rs 1,278 crore.The proposed block deal comes at a time when the telecom provider is in talks with its peer Vodafone on a possible merger. Shares of Idea have surged nearly 65 per cent since its low in January.Providence had bought 15 per cent in Idea Cellular in 2006 for around Rs 1,800 crore through its investment arm - P5 Asia Investment (Mauritius). Sincethen, it has diluted its stake in tranches. The last tranche was in June 2016, when the PE investor sold 3.3 per cent stake through a block deal ...

Idea posts first quarterly loss since 2007

Pricing war forces Rs 384-cr loss, operating profit down 24%

Idea Cellular slips into red with Q3 net loss of Rs 384 cr

Idea, for first time, witnessed decline of 5.5 mn mobile data customers on sequential quarter basis

Idea launches USSD-based platform for digital payments on feature phones

USSD is mobile short code that enables financial and banking transactions even on feature phones

Idea Cellular launches 4G services in UP East

4G services to be expanded to Varanasi, Allahabad this month, 23 more towns in circle by March

Idea Cellular zooms over 40% in two days as Vodafone confirms merger talks

The stock moved higher by 15% to Rs 113, extending its previous day's over 25% rally on the BSE.

Telecom stocks soar, Idea up 29% as Vodafone confirms merger talks

RCom, Tata Communication, Bharti Airtel also gained 5.18%, 4.25% and 3.9% respectively

Idea set to launch slew of apps to take on Reliance Jio

Company's leadership said that it expected strong video demand to drive 60% of data traffic by 2020

Idea moves Delhi High Court against TRAI penalty recommendation

Says Jio was given 19,175 interconnection points; call failure due to Jio's bad math on call volumes

Idea stock up 2.7% on Vodafone merger buzz

CLSA study notes the new entity would be the largest in the segment

Idea Cellular to raise Rs 500 cr via NCDs

Idea raised Rs 1,500 cr on Dec 13 and Rs 1,000 cr on Jan 4 through issue of debentures

Idea Cellular gains on talks of stake sale in tower arm

The stock was up 5% to Rs 79.70 on the NSE in intra-day trade on back of heavy volumes.

Idea's net drops 88% on higher costs, misses estimates

Consolidated net profit at Rs 91.46 crore for September quarter

Idea Cellular faces an uphill climb

Fills spectrum gap in key markets; Q2 disappoints; likely price wars could hurt financials

Idea Cellular provides more interconnection ports to Reliance Jio

Earlier, Jio said that interconnection points provided by other operators were not sufficient

Idea to launch its own TV, Chat, video service by FY'18

It has plans to launch Idea TV, Idea News and Magazines and Idea Storage next financial year

Idea releases more PoIs to Jio

The telco said Jio had 2.97 million unique subscribers who terminated calls on the Idea network