Idea Cellular Ltd (IDEA.NS)
Mon, Feb 27 2017
MUMBAI, Feb 27 A subsidiary of Providence Equity Partners is selling its 3.3 percent stake in India's third-biggest mobile phone carrier Idea Cellular Ltd for at least $190 million, according to a deal term sheet seen by Reuters on Monday.
MUMBAI Japan's SoftBank Group on Thursday denied it was in talks with Vodafone Plc's Indian unit and Idea Cellular to pick up a stake in a potential merger between the two Indian wireless carriers.
MUMBAI, Feb 23 Japan's SoftBank Group on Thursday denied it was in talks with Vodafone Plc's Indian unit and Idea Cellular to pick up a stake in a potential merger between the two Indian wireless carriers.
MUMBAI, Feb 16 India's main stock index at the National Stock Exchange (NSE) will add state-run refiner Indian Oil Corp and lender Indiabulls Housing Finance as new constituents from March 31, the exchange said on Thursday.
* With arrival of the new entrant, Indian telecom sector will consolidate
* IDEA CELLULAR clarifies on news item "Providence likely to sell stake and exit investments in Idea Cellular"
* Says to issue NCDs worth 5 billion rupees Source text:(http://bit.ly/2kYCeEV) Further company coverage: (Bengaluru newsroom)
Feb 13 Indian shares were little changed on Monday with losses in financials such as Bank of Baroda Ltd and telecom company Idea Cellular Ltd outweighing gains in IT stocks.
* Says to issue NCDs upto INR 10 billion Source text: (http://bit.ly/2jXgoEm) Further company coverage:
(The following statement was released by the rating agency) SINGAPORE, February 01 (Fitch) A planned merger between Vodafone Group Plc's (BBB+/Stable) Indian subsidiary and Idea Cellular should help them withstand intense price competition in the Indian telco market, but is unlikely to lead to increased pricing power for operators in the short term, says Fitch Ratings. We retain our negative outlook on the sector, as fierce competition and rising capex will put pressure on most operators in