Idea Cellular Share Price

Vodafone Idea shares tumbled as much as 24 per cent on Thursday, a day after the troubled telecom operator's board accepted Kumar Mangalam Birla's request to step down as non-executive chairman. Mr Birla had engineered the merger of Idea Cellular, which was part of his Aditya Birla Group, and the Indian operations of Vodafone in 2018 to form Vodafo...

Idea Cellular's revenue from operations fell about 28 per cent to Rs 5,889 crore, with the mobile carrier hit by an aggressive pricing war set in motion by the entry of deep-pocketed rival Reliance Jio.

Airtel and Idea are expected to launch new plans in response to Jio's Rs 199 postpaid offer, said Jefferies.

Idea said that the share sale launched on Wednesday has a floor price of Rs 86.84 per share, with a potential discount of up to 5 per cent.

Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business. The merger attempts to contest a brutal price war sparked by new rival, Mukesh Ambani's Jio. "The combined company would become the leading communications provider in India with almost 400 million customers...

The shares were sold at an average price of Rs 107.32, valuing the transaction at Rs 1,287.84 crore, the data showed.

The lower end of the range is a 7 percent discount to Idea's closing price of Rs 114.55 on the National Stock Exchange on Monday and would value the 3.3 percent stake at nearly $192 million.

Under its new plan, Airtel said it would offer 3GB of free 4G data per month until the end of the year to customers who switch to some of its plans from other carriers.

Shares of Bharti Airtel, Idea Cellular and Reliance Communications saw their share prices dip further on Friday, after analysts slashed price targets on some of them, and warned that the launch of new rival Reliance Industries' Jio venture is set to be much more disruptive than earlier imagined.

The shares were offloaded on an average price of Rs 110.65, valuing the transaction at Rs 1,383.12 crore.

Idea Cellular reported net profit of Rs 931 crore, a sequential decline of 1.2 per cent on revenues of Rs 8,798 crore, which grew 4.5 per cent sequentially for the April-June quarter of the current fiscal. Its earnings broadly met analysts' estimates.

Idea Cellular Ltd has raised its annual capital spending guidance by about a fifth as it prepares to roll out a high-speed fourth-generation (4G) network to cater for rising demand for mobile data.

Top mobile carriers in India last year started gaining market share and were able to raise prices of voice calls, their mainstay, after a gap of almost three years, following a court order on a licensing scandal that forced some smaller companies out of the market.

Bharti Airtel, India's biggest mobile carrier, gained around 5 per cent, while Aditya Biral promoted Idea Cellular traded with 3.5 per cent gains. Most other telecom shares including Tata Teleservices and Anil Ambani promoted Reliance Communications gained in early trade.

Shares in mobile network operators rallied on Tuesday with Bharti Airtel rising as much as 9.3 percent to the highest level since February 1, on hopes the government will be forced to cut the reserve price for airwaves after just one potential bidder emerged for a $7.9 billion spectrum sale next month.

Vodafone Idea shares tumbled as much as 24 per cent on Thursday, a day after the troubled telecom operator's board accepted Kumar Mangalam Birla's request to step down as non-executive chairman. Mr Birla had engineered the merger of Idea Cellular, which was part of his Aditya Birla Group, and the Indian operations of Vodafone in 2018 to form Vodafo...

Idea Cellular's revenue from operations fell about 28 per cent to Rs 5,889 crore, with the mobile carrier hit by an aggressive pricing war set in motion by the entry of deep-pocketed rival Reliance Jio.

Airtel and Idea are expected to launch new plans in response to Jio's Rs 199 postpaid offer, said Jefferies.

Idea said that the share sale launched on Wednesday has a floor price of Rs 86.84 per share, with a potential discount of up to 5 per cent.

Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business. The merger attempts to contest a brutal price war sparked by new rival, Mukesh Ambani's Jio. "The combined company would become the leading communications provider in India with almost 400 million customers...

The shares were sold at an average price of Rs 107.32, valuing the transaction at Rs 1,287.84 crore, the data showed.

The lower end of the range is a 7 percent discount to Idea's closing price of Rs 114.55 on the National Stock Exchange on Monday and would value the 3.3 percent stake at nearly $192 million.

Under its new plan, Airtel said it would offer 3GB of free 4G data per month until the end of the year to customers who switch to some of its plans from other carriers.

Shares of Bharti Airtel, Idea Cellular and Reliance Communications saw their share prices dip further on Friday, after analysts slashed price targets on some of them, and warned that the launch of new rival Reliance Industries' Jio venture is set to be much more disruptive than earlier imagined.

The shares were offloaded on an average price of Rs 110.65, valuing the transaction at Rs 1,383.12 crore.

Idea Cellular reported net profit of Rs 931 crore, a sequential decline of 1.2 per cent on revenues of Rs 8,798 crore, which grew 4.5 per cent sequentially for the April-June quarter of the current fiscal. Its earnings broadly met analysts' estimates.

Idea Cellular Ltd has raised its annual capital spending guidance by about a fifth as it prepares to roll out a high-speed fourth-generation (4G) network to cater for rising demand for mobile data.

Top mobile carriers in India last year started gaining market share and were able to raise prices of voice calls, their mainstay, after a gap of almost three years, following a court order on a licensing scandal that forced some smaller companies out of the market.

Bharti Airtel, India's biggest mobile carrier, gained around 5 per cent, while Aditya Biral promoted Idea Cellular traded with 3.5 per cent gains. Most other telecom shares including Tata Teleservices and Anil Ambani promoted Reliance Communications gained in early trade.

Shares in mobile network operators rallied on Tuesday with Bharti Airtel rising as much as 9.3 percent to the highest level since February 1, on hopes the government will be forced to cut the reserve price for airwaves after just one potential bidder emerged for a $7.9 billion spectrum sale next month.