Idea Cellular

Telecom operators want unused CDMA spectrum for GSM services

Telecom operators want unused CDMA spectrum for GSM servicesIndian telecom service providers have asked the authorities in the country to consider allotting unused CDMA spectrum in the 800 megahertz (MHz) band for providing GSM services in the country.

Bharti Airtel, Vodafone India, and Idea Cellular have asked the telecom authorities to consider allocating unused CDMA spectrum for GSM services. They have asked the Department of Telecommunications to consider altering 800MHz airwaves and making them compatible with the 900MHz band that is used for GSM services.

Telecom operators to cut freebies and talk-time to improve margins

Telecom operators to cut freebies and talk-time to improve marginsSeveral major telecom operators in India are looking to enhance revenues by slashing freebies and talk-time that come with discount vouchers, which are used by prepaid customers.

The telecom service providers are looking to improve sales and margins as they face stagnating earnings in the country. According to latest data, 96 percent of India's 906 million mobile connections are subscribed to prepaid plans.

Auction of 2G spectrum begins, no CDMA spectrum auction for now

Auction of 2G spectrum begins, no CDMA spectrum auction for nowThe much-awaited auction for 2G telecom spectrum has finally started and five operators, viz. Bharti Airtel, Videocon, Vodafone, Idea Cellular and Telenor are contending for Global System for Mobiles (GSM) airwaves. But no auction is currently taking place for Code Division Multiple Access (CDMA) airwaves because no operator has bid for this sort of airwaves.

Idea Cellular emerges as most aggressive 2G bidder

Idea Cellular emerges as most aggressive 2G bidderDetails released by the Department of Telecom (DoT) has portrayed Aditya Birla Group firm Idea Cellular as the most aggressive bidder for the upcoming 2G spectrum auctions.

Idea Cellular has deposited the highest amount of money for the upcoming spectrum auctions among all bidders. According to the recently released data, Idea Cellular has deposited Rs 1,306.75 crore for 2G spectrum in the 1,800 Mhz band. The figure represents the highest amount deposited by any telco.

Idea Cellular reports two-fold jump in Q2 net profit

Idea Cellular reports two-fold jump in Q2 net profitIdea Cellular, one of the largest telcos in India, has reported a more than two-fold increase in its net profit for the September quarter.

Net profit jumped to Rs 240 crore in the three months to September 30, from Rs 105.76 crore in the corresponding period of previous year.

The Aditya Birla group company's total revenue jumped from Rs 4,619.92 crore to Rs 5,314 crore over the same period.

Indian telecom sector suffers first-ever decline in monthly subscribers

Indian telecom sector suffers first-ever decline in monthly subscribersIndia’s telecom sector suffered the first-ever decline in the number of monthly subscriber in July this year, figures released by Telecom Regulatory Authority of India (TRAI) showed.

According to the latest TRAI report, the total number of telecom subscribers slipped by 20.71 million subscribers month on month, from 965.52 million in June to 944.81 million in July.

It was the first time in India’s telecom sector that overall subscriber base had shrunk.

Incumbent telecom players dominate 2G spectrum pre-bid conference

Incumbent telecom players dominate 2G spectrum pre-bid conferenceAlmost all the incumbent telecom players, including Bharti Airtel, Idea, Vodafone, Tata Tele, Airtel, attended the conference organized by DoT on Thursday in the run-up to the next round of 2G auctions, but international mobile phone major kept away from the pre-bid conference.

The pre-bid conference kicked off the process for the second round of 2G auctions. But, Thursday's conference remained a low-key affair, particularly when we compare it with the passion seen in the pre-bid conference in the run-up to the 3G auctions in 2010.

TDSAT admits Idea Cellular’s petitions against Rs. 300cr fine

TDSAT admits Idea Cellular’s petitions against Rs. 300cr fineThe Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has admitted Idea Cellular petitions against the Department of Telecommunications (DoT) decision to impose Rs. 300 crore penalty on the network provider for allegedly holding more than 10 per cent stake in two telecoms in six circles.

Telecom tribunal TDSAT ruled that the Department of Telecommunications should give some logic for reaching such decision.

Mobile data consumption rises 54 percent, study

Mobile data consumption rises 54 percent, studyAccording to a new study, the total data usage through mobile data traffic rose by an impressive 54 per cent between December 2011 and June 2012 in India.

The report by Nokia Siemens Networks said that the increase in data usage on mobile phones is mainly due to recent reduction in 3G tariff prices by the telecom service providers in the country. The reduction in tariffs by service providers for faster 3G services has resulted in more users consuming more data than slower 2G network.

Supreme Court rules against review petitions on license order

Supreme Court rules against review petitions on license orderThe Supreme Court of India has ruled against the petitions from seven telecommunications companies challenging the apex court’s earlier decision to cancel 122 telecom licenses in the country.

The Supreme Court also dismissed a similar plea filed by former telecom minister Andimuthu Raja. alleging that the ruling unfairly impeached him. The court rejected review petitions of companies including Videocon Telecommunications Ltd, STel Ltd, Sistema Shyam Teleservices Ltd, Tata Teleservices, Unitech Wireless Ltd, Etisalat DB Telecom Pvt. Ltd and Idea Cellular Ltd.

Supreme Court accepts review petition on 2G spectrum cancellation ruling

Supreme Court accepts review petition on 2G spectrum cancellation rulingThe Supreme Court of India has accepted a review petition filed by the central government on the ruling by the court ordering the cancellation of 2G telecom licenses in the country.

Idea Cellular records 18 per cent fall in net profit in third quarter

Idea Cellular records 18 per cent fall in net profit in third quarter Telecom service provider, Idea Cellular has recorded a fall of 18 per cent in its consolidated net profit to Rs 200.9 crore in the third quarter till December 2011 mainly due to higher depreciation and financing costs in 3G services.

Idea Cellular reports a 41% fall in consolidated net profit

Idea Cellular reports a 41% fall in consolidated net profitIdea Cellular, the telecom unit of the Aditya Birla Group, has reported a disappointing 41 per cent fall in consolidated net profit to Rs 105.76 crore in the second quarter of the year compared to Rs 179.74 crore posted in the same period previous year.

Idea's profit-after-tax fell mainly due to higher net interest and finance costs of Rs 253.8 crore on account of third generation (3G) debt and increased manpower costs, it said in a filing to the Bombay Stock Exchange. Interest costs almost doubled to Rs 293 crore from Rs 102 crore in the quarter.

Telecom Operators Ignore TRAI’s Regulations

Telecom Operators Ignore TRAI’s RegulationsAs per the decision made by the Telecom Regulatory Authority of India (TRAI), all the leading telecom industries, including Bharti Airtel, Vodafone Essar and Idea Cellular, within six months, would make some modifications in their tariff plans.

The recommendation was made, after the TRAI members discovered that many of the operators violated the organization rules because they without any reason increased their tariff rates by 20%.

Bharti Airtel, Vodafone and Idea Cellular to come together for 3G services

Bharti Airtel, Vodafone and Idea Cellular to come together for 3G services Bharti Airtel, Vodafone and Idea Cellular have decided to work together to offer the 3G service in the country.

The three companies will use each other’s networks through inter and intra-circle roaming arrangements to offer fast 3G service in the country to their millions of subscribers.

Idea Got Relief from Rs 250 Crore Penalty

IdeaOn 5th of July, 2011 the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) has asked the Department of telecom (DoT) to free the Idea Cellular from the hefty fine of Rs 250 crore. DoT imposed a fine upon Idea after finding it guilty for holding overlapping mobile permits in five telecom circles.

Idea has been in the news since it acquired Spice Communications. Spice Communications has the permission to operate in the six regions namely, Punjab, Karnataka, Andhra Pradesh, Delhi, Haryana and Maharashtra. However, the deal provided Idea a license to operate only in Punjab and Karnataka.

Idea Cellular Continues To Fall

Idea Cellular Continues To FallAccording to the market sources, it was revealed that Idea Cellular Ltd. (IDEA), the mobile-phone company which is owned by Indian billionaire, Kumar Mangalam Birla has fallen the most in two weeks in Mumbai trading after a court ruled against the company that the company must return overlapping licenses which were obtained from an acquisition three years ago to the government.

Sell Idea Cellular With Stop Loss Of Rs 70

Sell Idea Cellular With Stop Loss Of Rs 70Technical analyst Anil Singhvi maintained 'sell' rating on Idea Cellular Limited stock with a target of Rs 64.

According to analyst, the investors can sell the stock with a stop loss of Rs 70.

Mr. Singhvi added that it's better to sell the stock in today's session as there are full chances of decline.

Today, the stock of the company opened at Rs 66.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 79.90 and a low of Rs 49.80 on BSE.

Current EPS & P/E ratio stood at 2.70 and 24.43 respectively.

Buy Idea Cellular With Stop Loss Of Rs 69.50

Buy Idea Cellular With Stop Loss Of Rs 69.50Technical analyst Salil Sharma has maintained 'buy' rating on Idea Cellular Limited stock with a target of Rs 74.50.

According to analyst, the investors can buy the stock with a stop loss of Rs 69.50.

The stock of the company, on January 24, closed at Rs 69.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 79.90 and a low of Rs 49.80 on BSE.

Current EPS & P/E ratio stood at 2.70 and 26.67 respectively.

Buy Idea Cellular With Stop Loss Of Rs 67

Buy Idea Cellular With Stop Loss Of Rs 67Technical analyst Manoj Sachdeva of Hem Securities has maintained 'buy' rating on Idea Cellular Limited stock with a target of Rs 78.

According to analyst, the investors can purchase the stock at Rs 70 with a stop loss of Rs 67.

The analyst also said that the said target can be achieved in a period of 3-4 days.

The stock of the company, on December 29, closed at Rs 69.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 79.90 and a low of Rs 49.80 on BSE.

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