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.
This is the second consecutive quarter in which Idea has reported losses.
The amalgamation of the two telecom giants will put them in a better position to contest a brutal new price war.
Idea will start selling 1GB and above mobile data plans across its 2G, 3G and 4G network at same price
Airtel and Vodafone are now offering 28GB data for 28 days as a challeng to Reliance Jio. We decode these offers
Google and Idea Cellular have announced operator billing for purchasing apps and other services without credit cards.
The deal will increase Bharti’s 4G coverage from the current 15 to 19 circles.
Idea shares closed 0.29 per cent higher at Rs 139.85 on the Bombay Stock Exchange. However, Videocon shares lost 1.92 per cent at Rs 130.30.
Bharti Airtel and Idea Cellular have hiked charges for postpaid customers by 20 percent in various circles, including the national capital.