Idea Cellular Limited
After hovering in a narrow range below its major moving averages for almost two months, IDEA has formed a fresh shorting pivot on daily chart. Traders can use any technical bounce to initiate fresh short positions in the given range.
24/05/2017 12:18:23 PM
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EBITDA up 1% QoQ to INR21.9b, 19% above estimate; Network cost savings drive EBITDA
Revenue in-line, but EBITDA beats estimate:
Revenue declined 6% QoQ and 14% YoY to INR81.3b, in line with our estimate. EBITDA, however, grew 1% QoQ (but declined 39% YoY) to INR21.9b, beating our estimate of INR18.5b. Network cost reduced 5%
Shares of Idea Cellular tanked over 7 per cent on the Bombay Stock Exchange after the telecom operator reported consolidated net loss for the second straight quarter at Rs 325.6 crore during the period ended March 31, 2017, compared to net profit of Rs 449.2 crore in the same period a year ago.
Weighed down by weak Q4, shares of the company declined as much as 7.36 per cent to hit int
Mumbai, May 13 (IANS) Telecom services provider Idea Cellular of the Aditya Birla Group on Saturday reported a net loss Rs 328 crore for the fourth quarter (Q4) and net loss of Rs 400 crore for fiscal 2016-17 (FY 2017) on standalone basis.
The net loss in Q4 is against Rs 452 crore standalone net profit posted for like period (Q4) a year ago and Rs 2,728 crore net pro
By Sankalp Phartiyal
MUMBAI - Idea Cellular Ltd, India's third-biggest telecoms operator, posted its second straight quarterly loss after a rival carrier's free services hit sales and eroded margins.
The free offerings of Reliance Industries' telecoms venture Jio, which started operations late last year, have sparked a fierce price war in t
Global software major Adobe and Aditya Birla Group-promoted Idea Cellular announced on Thursday a partnership under which Adobe Experience Cloud will empower the telecom giant to deliver personalised customer experiences to its subscribers.
Announcing the alliance at Symposium 2017 -- conference for customer experience and business transformation -- here, Adobe said the partnership en
Shares of telecom companies such as, Bharti Airtel and Idea Cellular, were trading higher in early trade on Friday after Telecom Regulatory Authority of India asked Mukesh Ambani-owned company to withdraw Reliance Jio’s summer surprise offer.
Reliance Jio on Thursday said that it has withdrawn its Summer Surprise offer nnnounced last week to comply with the Telecom Regulatory Au
Newcomer in the telecom sector, Reliance Jio recorded highest download speed compared with its other competitors like Bharti Airtel, Vodafone India and Idea Cellular, a data released by the telecom regulator showed here.
According to the monthly average mobile speed data revealed by the Telecom Regulatory Authority of India (TRAI) for February, Jio's 4G average download speed was
In a move to compete with new rival Jio, Idea Cellular Ltd has launched a new plan offering 1GB of 4G data per day for its post-paid customers at Rs 300 per month, said the media reports. Country’s third largest mobile operator said it will offer ‘1GB data per day, for a month, on 4G handsets’. Idea said in a statement, quoted PTI that, “The new Idea pack can be availed
Idea Cellular launched its 4G services in Jammu and plans to expand the high-speed services to 20 towns in the Jammu & Kashmir circle by June. "The company flagged off services from Jammu today, and will rapidly expand 4G network to cover 10 towns by month end," Idea Cellular said in a statement.
Idea 4G services will cover 20 towns, including the major cities of Jammu,
By Sumeet Chatterjee and Devidutta Tripathy
HONG KONG/MUMBAI - Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. It's not, and big banks blame in-house teams of advisers that have proliferated as the country's top family-owned conglomerates tighten their grip.
This week's $23 billion tie-up bet
After announcing the largest merger in the Indian telecom space, Kumar Mangalam Birla, Chairman of the Aditya Birla Group that owns Idea Cellular, and Vodafone Group Plc CEO Vittorio Colao on Tuesday met Communications Minister Manoj Sinha here.
According to sources, Birla and Colao sought the government's advice regarding smoothening of the merger process.
Below is the views on 'Vodafone - Idea merger' by Mr Gautam Duggad, Head- Research, Motilal Oswal Securities Limited
Deal contours – 1:1 Swap ratio
Vodafone will get 50% in the merged entity, implying 1:1 share swap. In the merged entity, Vodafone will get INR 552b
Shares of Idea Cellular continued losing spree on Tuesday and tanked nearly 8 per cent on the Bombay Stock Exchange as investors resorted to profit booking after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company.
Extending previous session losses, shares of company declined as
Integrating operations of Vodafone and Idea will cost the combined entity around Rs 13,400 crore, a top official of the Aditya Birla Group company said as per the PTI report. "The integration cost accounted in the net synergy is estimated to be nearly Rs 13,400 crore from the completion until the first full year of operations," Idea managing director Himanshu Kapania told analysts.
Idea Cellular said Reliance Jio's announcement to make subscribers pay for services from April has helped the "recovery" of the industry, reported PTI. "There is some degree of recovery which has started to happen in the industry with the announcement of charging and with some monetisation process that has started by the new entrant," Idea managing director Himanshu Kapa
Betting on long term cost synergies, near term challenges to persist
* Idea Cellular and Vodafone India announced merger with equal rights in the combined entity. The merged entity would exclude Vodafone's 42% stake in Indus Towers while Idea’s 11.15% stake in Indus is part of the deal. Idea is valued at enterprise value of Rs722bn while Voda
Idea-Vodafone merger – A long road ahead
Idea and Vodafone have formally announced a merger, wherein implied valuations, synergy estimates and timelines are all largely in line with our expectations. While the merger is clearly a positive outcome for Idea as it gives the company scale and access to capital, we believe that defending market share
Cellular body COAI has termed the merger of Idea Cellular and Vodafone India as a "bold" move and said the combined stronger entity will be beneficial to both government and consumers of the Indian telecom market, reported PTI. Stating that the merger will be "good" not only from an organisational perspective, but from the point of view of consumers and the government, COAI
In one of the biggest mergers in the telecom space, Vodafone India and Aditya Birla Group-promoted Idea Cellular on Monday announced their much-awaited amalgamation.
Kumar Mangalam Birla, Chairman of the Aditya Birla Group, will also be the Chairman of the merged entity.
Idea Cellular in a regulatory filing on Monday said its Board of Directors "has approved the scheme
Shares of Idea Cellular, declined over 9 per cent in early trade on the Bombay Stock Exchange after the company said its board has approved the scheme of amalgamation of Vodafone India and its wholly owned subsidiary Vodafone Mobile Services with the company. At present, Vodafone India is the country’s second largest operator by users and Idea Cellular the third largest operator. Vodafone
By Devidutta Tripathy and Sankalp Phartiyal
MUMBAI - Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war.
The combined entity would have almost 400 million customers, overtaking mar