Idea Cellular Ltd (IDEA.NS)
Wed, Nov 23 2016
* Says Idea to roll out pan-india wireless broadband network in FY17
MUMBAI, Oct 24 Idea Cellular Ltd, India's third-largest telecoms operator by revenue, reported an 88 percent slump in second- quarter profit as competition from a new wireless carrier and higher costs weighed.
MUMBAI, Oct 24 India's third-largest telecoms operator, Idea Cellular Ltd, on Monday posted an 88 percent slump in second-quarter profit due to higher finance costs.
* Says hyper competition in the industry is resulting in slow revenue growth trends
* Idea Cellular Ltd - Sept quarter consol net profit after tax 914.6 million rupees
* Gets members' nod for issue of non convertible securities Further company coverage:
* Idea slashes pack rates by upto 62 pct in Karnataka Further company coverage:
* Shares in rivals Bharti Airtel, Idea Cellular slump (Adds details from company statement, comment from rival, links to related content)
MUMBAI, Aug 23 Vodafone Group Plc's Indian arm is in exploratory talks around a possible merger with its smaller domestic rival Idea Cellular, according to a CNBC TV18 report on Tuesday, citing unnamed sources.
MUMBAI, Aug 8 Idea Cellular, India's third-largest telecom company, posted a 74 percent drop in its consolidated first-quarter net profit as a one-time finance cost for spectrum and lower voice revenues pushed its income down.