Airtel, Idea Cellular up after TRAI asks Jio to withdraw summer offer

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Reliance Jio on Thursday said that it has withdrawn its Summer Surprise offer nnnounced last week to comply with the Telecom Regulatory Au

Jio records highest download speed for February: TRAI data

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

Idea offers 1GB 4G data per day plan for post-paid users

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 flags-off 4G services in Jammu

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,

Indians leave bankers in the cold in $23 billion telecoms mega-deal

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

Kumar Birla, Vodafone CEO call on Communications Minister

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.

Vodafone Indi

Views On Vodafone - Idea merger - Motilal Oswal Sec

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

21/03/2017 5:21:25 PM | Posted in Special Event Reports read full news
Idea Cellular extends fall post merger deal

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

Voda, Idea to cough up Rs 13,400-cr for integration: Kapania

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.

End of Jio's doles: Idea says industry "recovery" has begun

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

Update On Idea Cellular Ltd - Emkay

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

21/03/2017 12:41:27 PM | Posted in Broking Firm Views - Long Term Report read full news
Hold Idea Cellular Ltd For Target Rs.90.00 - RCML

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

21/03/2017 12:25:03 PM | Posted in Broking Firm Views - Long Term Report read full news
Vodafone-Idea merger bold move, hope for quick approvals: COAI

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

Idea Cellular, Vodafone India announce merger

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

Idea Cellular tanks 9% on merger deal with Vodafone

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

Vodafone, Idea in $23 billion deal to create new Indian telecom leader

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

Hold Idea Cellular Ltd For Target Rs.102.00 -  India Nivesh Sec

Good source of value unlocking

* As per media sources American Tower Corporation is looking to buy the assets of ICISL (Idea Cellular Infrastructure Services Ltd), a wholly owned subsidiary of Idea Cellular. Idea Cellular through a business transfer agreement has transferred all its towers (9722) to ICISL w.e.f. August 01, 2016. Although, Idea has decl

16/03/2017 3:20:20 PM | Posted in Broking Firm Views - Long Term Report read full news
itel collaborates with Idea Cellular to offer free data

itel Mobile, part of Chinese mobile manufacturer Transsion Holdings, on Wednesday announced its partnership with domestic mobile operator Idea Cellular to offer free 1GB of data per month for up to six months on specific models of itel smartphones.

The offer is available on selected itel smartphone models under Wish series; it1409, it1407, it1508, it1508+ and Power Pro series; it1516+

TDSAT reserves order on appeal for stay on Jio promo offer

TDSAT reserved its order on an interim appeal seeking a stay on Reliance Jio's free promotional offer, reported PTI. The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) reserved its order after hearing all the parties concerned including regulator TRAI, incumbant operators Bharti Airtel and Idea Cellular, and Reliance Jio. In its interim appeal, Bharti Airtel had sought a stay on

Update On Idea Cellular Ltd - Emkay

Painful quarter

* Competitive headwinds from Jio’s free offering dented Idea’s performance, similar to that of Bharti Airtel and Vodafone India’s performance. Both voice (-10.6% qoq) and data realization (-15.2% qoq) were weaker than expected.

* Higher voice traffic was on account of double digit increase in incoming minutes

1/03/2017 1:13:52 PM | Posted in Broking Firm Views - Long Term Report read full news
Idea Cellular plunges nearly 7% amid block deal

Shares of Idea Cellular plummeted nearly 7 per cent on the Bombay Stock Exchange amid spurt in volume trade. As per data available with exchange, as much as 12.38 crore shares have changed hand in the day’s trade so far on the BSE.

Weighed down by block deal, shares of company declined as much as 6.54 per cent to hit intra-day low of Rs 107.10 apiece on the Bombay Stock Exchange

Providence selling stake in Idea Cellular for $190 million

MUMBAI  - 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.

The Providence unit, P5 Asia Investments (Mauritius) Ltd, will sell about 120 million shares in the mobile carrier on Tuesday

SoftBank denies interest in Vodafone-Idea Cellular merged company

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.

SoftBank's denial follows a report in The Economic Times newspaper that the Japanese firm was looking to pick up a stake in a Vodafone-Idea merged compan

Idea Cellular surges over 5% on merger buzz

Shares of Idea Cellular jumped over 5 per cent on the Bombay Stock Exchange after PTI reported that Vodafone has brought in Martin Pieters — former managing director (MD) and chief executive officer (CEO) of its Indian arm — to work on the proposed merger with Aditya Birla group company.

Buoyed by the development, shares of company gained as much as 5.61 per cent to hit an

Jio competitors see washout in Q3, losses likely in Q4 too

The balance-sheet of major telecom operators in India -- Bharti Airtel, Idea Cellular and Reliance Communications -- came under major pressure in the third quarter (October-December) of the current fiscal and the trend is likely to continue in the fourth quarter, say the experts.

"Margin pressure on telcos will continue as long the free data offer from Reliance Jio continues. As