Says tariffs announced by Jio are more propaganda than bona fide
Apart from the waiting time for completion of spectrum auction, the M&A rules in telecom sector are hard to deal with, say analysts
Both are struggling with their data revenue market and with Reliance Jio entering in market can push them towards merger, said Abhishek Gupta
With a customer base of nearly 26 million, Idea Cellular is the largest mobile operator in the circle
At NSE, shares of the company tanked 6.15 per cent to Rs 96.75
The stock was down 6% to Rs 96.55 on the BSE in early morning trade.
Consolidated revenue (including other income) increased 7.2 per cent to Rs 9,552.4 crore against Rs 8,909 crore in the year-ago period
However, the company's volume growth may be up by 2.7% at 207 billion minutes
In the North East market, Idea has kept its focus strong by investing heavily in securing spectrum, setting up network infrastructure
Slashes prices by up to 67% for 3G/4G internet packs for both post- and pre-paid users, after a similar cut by Airtel
Idea Cellular dipped 6%, while Bharti Airtel and Reliance Communications down 4% each on the BSE.
With this new scheme, the Idea users can get up to 45% more data benefits on sachet packs below 1 GB
Providence Equity Partners sold 1.25 million shares amounting to a 3.47% stake in Idea Cellular, at Rs 110.65 apiece for a total value of Rs 1,383 cr
The stock dipped 9% to Rs 108 on NSE after about 133 million shares representing 3.7% of equity of Idea Cellular changed hands.
With carrier billing, users can directly bill to their prepaid account or post-paid bill
Telecom firm ties up with Google Play to introduce carrier billing in India
Spending likely to add data spectrum in the firm's key markets, The Economic Times reports
The company has launched 4G services in 84 more towns of AP and Telangana circle with its count reaching to 121 in both states
Net profit for March 2016 dropped 39% to Rs 575.6 crore compared to same quarter last fiscal
Voice & data margins under pressure; infra expansion momentum strong; firm announces 6% dividend