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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 about 1.2 mln subscribers in Feb - industry body
Thursday, 23 Mar 2017 06:27am EDT 

Cellular Operators Association of India: Bharti Airtel adds about 1.2 million subscribers in Feb, total mobile subscriber at Feb end 270.6 mln - industry body . Vodafone india unit adds about 792,063 subscribers in Feb, total mobile subscriber at Feb end 207.2 mln - industry body . Idea adds about 1.2 million subscribers in Feb,total mobile subscriber at Feb end 193.3 mln - industry body . Aircel adds 13,309 mobile subscribers in Feb, total mobile subscriber at Feb end 91.1 mln - industry body .Telenor india unit's subscribers reduced by 986,068 in Feb, total mobile subscriber at Feb end 51.6 mln - industry body.  Full Article

India's Idea exec says deal with Vodafone consistent with country's telecoms M&A rules
Monday, 20 Mar 2017 02:36am EDT 

India's Idea Cellular and Vodafone Plc: Vodafone exec says deal consistent with India telecoms M&A rules . Idea exec says founders buying extra stake from Vodafone will not be funded by any listed Aditya Birla Group Co . Vodafone exec says need to shed a small amount of spectrum . Vodafone exec says pending income tax demand has nothing to do with current deal . Idea exec says there will be many exciting opportunities for both Idea and Vodafone employees, don't see significant job cuts . Vodafone exec says both brands i.e. Idea and Vodafone to continue Further company coverage: [VOD.L] [IDEA.NS] (Reporting By Devidutta Tripathy and Sankalp Phartiyal) ((swati.bhat@thomsonreuters.com;)).  Full Article

Idea Cellular board approves merger with Vodafone India
Monday, 20 Mar 2017 12:17am EDT 

Idea Cellular Ltd : Says board approved scheme of amalgamation of Vodafone India and its unit Vodafone Mobile Services Ltd with co . Entire business of VIL and VMSL, excluding VIL's investment in Indus Towers, international network assets and IT platforms, to vest in co . On amalgamation of VMSL becoming effective, co shall issue shares of co to VIL equal to 47 percent of post issue paid-up capital of co . Vodafone to own 45.1 percent of combined co after transferring about 4.9 percent to promoters of Idea and/or affiliates for INR 38.74 billion in cash . Promoters of Idea, Vodafone have right to nominate 3 directors each . Promoters of Idea have sole right to appoint chairman . Appointment of CEO, COO will require approval of both promoters of Idea and Vodafone . Vodafone has right to appoint CFO of company . Promoters of Idea have right to buy up to 9.5 percent additional stake from Vodafone under agreed mechanism with view of equalising shareholdings over time . Agreement contemplates completion of proposed amalgamation with a period of 24 months . Until equalisation is achieved, voting rights of additional shares held by Vodafone will be restricted and votes will be exercised jointly . Idea to contribute all of its assets including standalone towers with 15.4k tenancies and 11.15 percent stake in Indus Towers.  Full Article

Idea Cellular says no proposal on demerger of tower business portfolio being considered by co
Wednesday, 15 Mar 2017 08:03am EDT 

Idea Cellular Ltd : Idea cellular limited clarifies on news item "idea to demerge tower business portfolio and sell majority stake." .Says currently, there is no such proposal as reported by media that is being considered by the board.  Full Article

Providence launches book to sell Idea shares up to $190 million - CNBC-TV 18, citing sources
Monday, 27 Feb 2017 07:04am EST 

: Providence launches book to sell Idea shares up to $190 million - CNBC-TV 18, citing sources Further company coverage: [IDEA.NS] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Vodafone says focusing on broadband in UK, TV is an option
Thursday, 2 Feb 2017 07:00am EST 

Vodafone : Ceo says thinking on uk not changed, reinforced by customer service improvements . Ceo says made a good beginning on convergent offer in uk, although numbers small . Ceo says no update on tax dispute in india, no link with idea cellular discussions . Ceo says does 'not necessarily' need to do some kind of joint venture or other deal in the uk . Ceo says in the uk focusing on pure broadband, not on tv . Ceo says focusing on building the base, tv remains an option . Ceo says see potential for fibre deals in germany, number of promising initiatives . Ceo says do not have any plan to move hq out of uk Further company coverage: [VOD.L] (Reporting By London Bureau) ((uk.online@reuters.com; +44 20 7542 7717;)).  Full Article

Vodafone says progressing on Netherlands JV, no Liberty talks beyond that
Thursday, 2 Feb 2017 02:20am EST 

Vodafone : Ceo says discussions with idea ongoing, but nothing to say today . Cfo says seeing some price pressure from ee and o2 in enterprise in the uk . Cfo says progressing nicely with liberty global on netherlands jv, no talks beyond that Further company coverage: [VOD.L] (Reporting By London Bureau) ((uk.online@reuters.com; +44 20 7542 7717;)).  Full Article

Grasim Industries denies rumour of large investment in Idea
Tuesday, 31 Jan 2017 10:35pm EST 

Grasim Industries Ltd : Grasim Industries ltd says co's knowledge of proposed Idea-Vodafone deal is restricted to what has been put out by idea .Grasim Industries ltd says denies rumour that co would make large investment into Idea as part of deal being contemplated.  Full Article

Idea Cellular seeks members' nod for re-appointment of Himanshu Kapania as MD
Wednesday, 31 Aug 2016 04:54am EDT 

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 02:12am EDT 

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

Fitch: India Telco Incumbents Hit by Mobile Termination Rate Cut

(The following statement was released by the rating agency) SINGAPORE, September 20 (Fitch) The financial performance of India's main incumbent telcos will be undermined by the regulator's plan to reduce the mobile termination rate (MTR) by 57% to INR0.06 per minute with effect from October 2017 and to remove it completely by January 2020, says Fitch Ratings. In contrast, the move should bring significant cost-savings and lead to faster-than-expected EBITDA break-even for recent entrant Reliance

No consensus analysis data available.