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Gross revenue of 22 telecom operators drop in Oct-Dec FY14

Last Updated: Monday, August 11, 2014, 23:04

Gross revenue of 22 telecom operators, including Bharti Airtel, RCom, BSNL and Tata Teleservices, declined in October-December quarter of 2013 compared to the previous quarter, government said on Monday.

Idea gains most from number portability; RCom biggest loser

Last Updated: Monday, August 11, 2014, 16:32

Idea cellular emerged as the top most gainer of subscribers from mobile number portability (MNP), showing a net gain of around 95 lakh customers till June 30, Parliament was informed on Monday.

Telecom stocks gain up to 5% on TRAI move

Last Updated: Tuesday, July 22, 2014, 17:23

Telecom stocks on Tuesday rose by as much as 5 percent after regulator TRAI recommended allowing sharing of all categories of airwaves held by operators.

Idea Cellular Q1 net profit up by 57% at Rs 728.2 crore

Last Updated: Monday, July 21, 2014, 19:43

Telecom operator Idea Cellular today posted 57 percent jump in net profit at Rs 728.2 crore for the first quarter ended June 30, 2014, on increased demand in mobility business mainly mobile internet services.

Idea to raise Rs 750 cr through preferential issue

Last Updated: Thursday, June 12, 2014, 13:59

Idea said the securities allotment committee of the board, at its meeting on June 10, has approved issuance of 5.18 crore shares at a price of Rs 144.68 per equity share to Axiata Investments 2 (India) Ltd.

Idea raises Rs 3,750 crore from QIP, preferential issue

Last Updated: Wednesday, June 11, 2014, 20:51

Country's third largest telco Idea Cellular Wednesday said it has raised total Rs 3,750 crore from its qualified institutional placement offering and preferential issue to existing shareholder Axiata as the firm creates a war chest for the spectrum auctions later this year.

Idea share sale of up to $506 million subscribed nearly three times: Sources

Last Updated: Friday, June 06, 2014, 14:20

The issue would be priced at Rs 134 per share, the sources said, declining to be named as the information is not public. Idea had set an indicative price band of 131-136.35 rupees for the sale.

Idea's Rs 3,000-cr QIP issue subscribed about three times

Last Updated: Thursday, June 05, 2014, 17:55

Shares of the company today closed 3.26 percent higher at Rs 140.80 apiece on the BSE.

Idea plans up to $500 million share sale today

Last Updated: Thursday, June 05, 2014, 10:25

Idea Cellular, India's third largest wireless services operator, plans to launch a share sale to raise as much as USD 500 million on Thursday.

Idea to raise Rs 3,000-3,750 cr through QIP issue

Last Updated: Tuesday, June 03, 2014, 21:21

Idea Cellular, India's third largest wireless services operator, plans to raise Rs 3,000- 3,750 crore this week by selling shares to institutional investors, bankers familiar with the development said.

Idea hikes monthly rentals by Rs 50

Last Updated: Sunday, June 01, 2014, 14:32

Idea's Chief Marketing Officer Sashi Shanker told that the company keeps changing its tariff/call rates and rentals. But he could not say whether the hike in the rentals is only for the Mumbai circle or across the circles.

Idea plans own 3G network in Delhi by Mar 2015

Last Updated: Tuesday, May 06, 2014, 19:02

Idea Cellular, the country's third largest telecom operator, will use its own network for offering 3G services in the lucrative Delhi circle from early next year.