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Idea News

Idea Cellular raises Rs 3,250 cr through preferential allotment; shareholding of promoter group goes up to 47.2%
The net debt of Idea as on 31 December, 2017 stood at Rs 55,781.8 crore.

Telecom operator Idea Cellular approaches government to raise the FDI to 100 percent in the company
Foreign investors hold around 27 percent stake in Idea, as per shareholding pattern of the company till December 2017.

Lower IUC rate eats into Idea Cellular's Q3 profit; firm posts Rs 1,284.5-cr loss, says merger with Vodafone in final leg
Idea Cellular said the work on merger with Vodafone is in final leg of regulatory approval and expected to complete in first half of 2018

India has among the top 4G LTE coverage at 84 percent, but ranks 109 in terms of download speeds in the world
The reports include The State of LTE and State of Mobile Networks: India by OpenSignal, the Ookla Speedtest Global Index, and TRAI's Myspeed app.

Xiaomi Redmi Y1 and Y1 Lite to go on sale on Amazon and Mi.com at 12 PM today; to come with offers from Idea Cellular
The 3 GB RAM and 32 GB storage variant of the Redmi Y1 is priced at Rs 8,999 and the 4 GB RAM and 64 GB storage variant is priced at Rs 10,999 in India.

Xiaomi Redmi Y1 and Y1 Lite to go on sale on Amazon at 12 PM today; to come with offers from Idea Cellular
The 3 GB RAM and 32 GB storage variant of the Redmi Y1 is priced at Rs 8,999 and the 4 GB RAM and 64 GB storage variant is priced at Rs 10,999 in India.

Data protection rules must also apply to players like OTT apps: Telecom operators to TRAI
Telecom firms and the other players operating in the same internet ecosystem and dealing with same personal data are governed by different rules and regulations, it said.

Idea announces partnership with Sony; to offer up to 60 GB of 4G data to Xperia R1 and R1 plus buyers
Idea users using the Sony Xperia R1 Plus and R1 will get benefits of 60 GB 4G data on their first six recharges in addition to their existing plans.

Department of Telecom plans to finalise new telecom policy by February 2018
The Department of Telecommunications (DoT) is planning to finalize the new telecom policy by February 2018, Communications Minister Manoj Sinha said.

Airtel adds 10 lakh new customers in September, others lose more than 29 lakh subscribers: COAI data
Bharti Airtel continues to hold the top position, with 29.8 percent market share -- subscriber base of 28.2 crore.

Tata and Bharti Airtel deal positive for both sides; will help improve their credit profile
Tatas and Airtel inked a plan wherein consumer businesses of the diversified conglomerate will be acquired by the largest telco on a no cash, no debt basis.

Accelerating consolidation in telecom industry to benefit top players, but poses risk to tower companies: CLSA
Consolidation in India mobile is set to accelerate and this bodes well for top operators, presenting them with an opportunity to outpace the sector growth.

Idea Cellular tops Trai's 4G upload speed rankings in September, Vodafone at 2nd position
Idea took the pole position in 4G upload speed, followed by Vodafone, Reliance Jio and Airtel.

Bharti Airtel tops the OpenSignal 3G and 4G speed chart; Jio ahead in terms of 4G availability
The report the intense battle for 4G dominance between incumbent Bharti Airtel and upstart Reliance Jio and notes that the battle still rages.

Telecom department approaches Trai to review existing spectrum caps
The department's letter to Trai in this regard follows the recommendations made by the IMG tasked with examining financial stress in the telecom sector.

About 150,000 jobs in Indian telecom sector are debt-ridden; face danger of corporate downsizing
In April, the Reserve Bank of India (RBI) had also cautioned commercial banks about loans given to companies in the telecom sector.

Vodafone and Idea Cellular merger likely to complete by March in 2018
The combined entity of Vodafone India and Idea Cellular, which are currently India's number two and three, respectively, would dislodge Bharti Airtel to counter the fierce price war in the world's second-largest telecom market.

Vodafone and Idea merger to be completed by March 2018; delayed due to regulatory approvals
Vodafone and Idea Cellular merger deal is expected to be completed by March next year, as all regulatory approvals are likely to be obtained by that time.

Total revenue of telecom operators declined by 25.4 percent in the second quarter of 2017: Trai
The total revenue of telecom operators from services declined by 25.49 percent (Y-o-Y) to Rs 39,777.55 crore in the quarter ended June 2017.

Incumbent telecom operators lament high taxes and spectrum costs, ask for relief to the stressed sector
Large telecom operators including Bharti Airtel and Idea Cellular lamented the high taxes, and spectrum costs being faced by the industry.