Idea Cellular’s Magic Cashback offer will give customers up to Rs 3,300 for all prepaid recharge of Rs 398 or more. Idea Cellular’s cashback offer comes after Jio previously announced similar schemes
The board of Idea Cellular has approved raising about Rs 3,250 crore from the entities under the Aditya Birla group by issuing 32.66 crore equity shares on a preferential basis.
The total number of telecom subscriptions dipped in October, even though mobile operators saw a growth in subscriber base.
Idea Cellular has now introduced a Rs 509 recharge pack for the Delhi-NCR region, which has a validity of 84 days and comes with a daily quota of 1GB data for users
The TRAI sent a government recommendation, saying that the limit on spectrum cap for mobile operators in a band should be lifted.
Large operators including Airtel and Idea Cellular have argued that stringent data protection rules applicable to them should also apply ‘equally and uniformally’ to other players like over-the-top (OTT) apps.
Vodafone India and Idea Cellular – which are slated to merge soon – have decided to sell their respective tower businesses in India to ATC Telecom Infrastructure for Rs 7,850 crore.
Idea’s sequential quarterly voice minutes grew by 1.7 per cent to 255 billion minutes (against decline of 1.9 per cent in Q2FY17) and mobile data volume saw strong sequential growth of 73.5 per cent
Vodafone India and Idea Cellular merger deal is expected to be completed by March next year, as all regulatory approvals are likely to be obtained by that time, a source privy to the deal said.
Telecom regulator Trai has directed Idea Cellular to deposit Rs 2.97 crore for over- charging its subscribers for making calls to BSNL and MTNL networks. Idea Cellular said that the excess amount cannot be refunded to subscribers as call data records of that period are not available with it.
Reliance JioPhone has not officially gone on sale, but it looks like Indian customers are set to get more 4G feature phone options across networks. After Reliance Jio announced its 4G-enabled JioPhone, Intex has unveiled a similar offering called Turbo+ 4G.
The company’s net debt as on June 30, 2017, stood at Rs 53,920 crore, including a large component of debt from the department of telecommunications under the ‘deferred payment obligation’ for spectrum acquired.
Idea has 4G spectrum in 20 circles except Kolkata and Delhi where it provides mobile broadband on 3G network.
The government will look into TRAI’s penalty on Bharti Airtel, Vodafone India and Idea Cellular
Telecom customer base grew by about half a per cent to 119.45 crore in March led by Reliance Jio and continued growth in fixed line connections.