New Delhi [India], Feb 13 : Mobile network operator Idea Cellular's shares on Monday plunged 7.5 percent in the early traded after the company posted a net loss in the quarter ended December 2016.
The operator had posted a consolidated loss of Rs. 385.6 crore in the quarter ended December 2016 against profit of Rs. 90.04 crore in previous quarter, impacted by demonetisation and Reliance Jio's free offerings that have been extended till March 31, 2017.
The company reported a loss of Rs. 478.9 crore in Q3FY17 on standalone basis, for the first time in 40 quarters since its IPO in 2007.
It reported consolidated revenue during the quarter fell 6.9 percent to Rs. 8,662.7 crore compared with Rs. 9,300.24 crore in previous quarter.
New Delhi: 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.
The company had posted a profit after tax of Rs 462.71 crore in the same period a year ago.
New Delhi: Idea Cellular has said it will raise Rs 750 crore by issuing equity shares on preferential basis to its shareholder, Malaysia-based Axiata.
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.
New Delhi: Idea Cellular, India's third largest wireless services operator, on Thursday said it has opened a QIP issue through which it will offer equity shares worth Rs 3,000 crore.
"... The securities allotment committee of the board of directors of the company, at its meeting held on June 5, 2014, has decided to open a QIP issue by way of issue of equity shares aggregating upto Rs 3,000 crore," Idea Cellular said in a filing to the BSE.
New Delhi, May 5 : Idea Cellular Monday resumed 3G services services through intra-circle roaming (ICR), across 10 circles, the company said here.
This came within a week of the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) allowing telecom service providers to provide 3G services beyond their licensed areas, quashing an earlier decision of the government.
New Delhi, April 28 : Idea Cellular posted 91 percent jump in the consolidated net profit for the fourth quarter (January-March) of 2013-14 on increased voice call prices, a company statement said here Monday.
The net profit for the fourth quarter stood at Rs. 589.8 crore compared to Rs. 308.2 crore it posted during the corresponding period in 2012-13.
The consolidated gross revenue of the Aditya Birla group company rose to Rs. 7,043.8 crore in the fourth quarter from Rs. 6,061.4 crore posted during the corresponding quarter in 2012-13.
New Delhi, Dec 3 : India's third largest telecom operator Idea Cellular has received a grant of over $1 million from the US Trade & Development Agency (USTDA) to fund a pilot project involving deployment of Solar Hybrid Methanol-Based Fuel Cell (SHMBFC) at telecom sites in India, the company said Tuesday.
An agreement to this effect was signed between US Ambassador to India Nancy J. Powell and Idea managing director Himanshu Kapania at the US Consulate in Mumbai, Monday evening.
Idea Cellular on Thursday announced that it enjoyed an impressive year-on-year increase of 86 per cent in its consolidated net profit for the quarter ended September 30, but also admitted that its `Voice Minute of Use' slipped by nearly 6 per cent quarter-on-quarter.
The mobile phone carrier announced that its consolidated net profit jumped from Rs 241 crore in the July-September quarter of 2012 to Rs 448 crore in the same quarter of this year.
Telecom Regulatory Authority of India (Trai) chairman Rahul Khullar on Friday offered unexpected support to Bharti Airtel, Vodafone India and Idea Cellular by supporting the controversial 3G intra-circle roaming (ICR) agreements.
Addressing the National Telecom Summit organized by CII, Mr. Khullar stressed that intra-circle roaming packs allow network providers to offer telecommunication services to all despite the scarcity of spectrum.
Cellular network provider Idea on Thursday announced a year-on-year increase of nearly 100 per cent in its consolidated net profit for the first quarter of current financial year, thanks to strong growth in voice and mobile data business.
The company announced that its consolidated net profit jumped to Rs 462.71 crore in the April-June quarter of 2013, from Rs 234.14 crore in the corresponding period of the previous year.
Pleas of Bharti Airtel, Idea Cellular and Vodafone filed against the Department of Telecommunication's (DoT's) orders asking them to stop offering 3G roaming service in areas where they don't have licenses for the same have been transferred by the Delhi High Court to the Telecom Disputes Settlement & Appellate Tribunal (TDSAT).
Idea Cellular, the telecom service unit of the Aditya Birla Group, has announced the launch of two more 3G smartphones namely, Idea ID 920 and Idea Aurus III aimed at different market segments in the Indian market.
Both the Idea ID 920 and Idea Aurus III come with dual-SIM support, will be powered by 1GHz processor as well as Google's Android platform. The company said that ID 920 is an entry level phone and is aimed at semi-urban markets while on the other hand, Aurus III comes with Android 4.1 OS and 4 inch TFT screen, 5MP primary camera as well as video calling facility.
Idea Cellular, the telecom service unit of the Aditya Birla Group, has launches new Idea Whiz smartphone powered by Google's Android platform in the Indian market.
The Idea Whiz smartphone, which is already listed on the telecom service provider's website, will come with a 4-inch WVGA display and will be powered by 1GHz dual-core processor. It will run on Android 4.0 and have has 512MB of RAM and 4GB of internal memory storage. The device will support two SIM cards and feature a -megapixel auto-focus rear camera as well as a VGA front camera for video conferencing.
Idea Cellular, the telecom service unit of the Aditya Birla Group, has announced the launch of the new Aurus 2 smartphone in the Indian market.
The new 3G Aurus 2 runs on Google's Android 4.1 Jelly Bean OS dual and is powered by a powerful 1 GHz processor. The smartphone comes with a 3.5 inch capacitive touchscreen with a resolution of 320 x 480 pixel and it supports dual SIM cards. It has an internal memory of 4GB ROM along with 512 MB RAM.
The Delhi High Court on Friday has ordered the central government not to take any steps against the telecom service providers including Vodafone and Idea Cellular.
The telecom department (DoT) of the government of India has imposed a fine of Rs 300 crore to telecom service provider, Idea Cellular and also asked the company to stop offering 3G services in telecom circles where it does not have a 3G license.
The company has not responded to the notice of fine and it is not known if it will approach the Supreme Court in the matter. The DoT has ordered telecom service providers to halt providing 3G services in all the telecom circles where they do not hold required licences but offers the services under agreements with other telecom players.
The Indian government has imposed an additional fee of $339 million or 18.42 billion rupees on the leading five telecom service providers in the country after it was found that the companies had underreported their revenues.
Indian telecom service provider, Idea Cellular has recorded an increase of 14 per cent in net profit to Rs 228.6 crore during the third quarter of the financial year.
The company also said that its revenues increased 10.7 per cent to Rs 5578.5 crore during the third quarter from October to December, 2012 compared to the same quarter of the previous year. The company said that its profits did not rise as per expectations due to higher operating expenditure and increase in tax outflows.
Bharti Airtel and Idea Cellular, the country's top two mobile operators, on Wednesday announced some changes in tariffs in the prepaid segment, with a sole aim to enhance their revenues.
Both Airtel and Idea announced that while they had not hiked headline tariff (the pulse/second rate), some promotional offers, discounts and free minutes had been withdrawn from some schemes in certain circles.
Indian Stock Markets continued in the positive territory on Thursday as the US markets gained smartly on Wednesday. Stock prices of Gold Loan companies witnessed huge demand after reports of loan valuation for gold ratio increase to 75 per cent.
JSW Steel has increased price of all steel products of the company. The stock price was higher in today's session. Maruti Suzuki and M&M witnessed higher sales during December compared to other auto majors facing tough times.