Wednesday, November 6

Tag: Idea Cellular

DoT of India Gives 100% FDI Approval to Idea Cellular
5Jun By Gauri SinghNo Comments
BUSINESS

DoT of India Gives 100% FDI Approval to Idea Cellular

The Indian mobile network operator, Idea Cellular stated that the company obtained an approval to raise the Foreign Direct Investment (FDI) limit from the Department of Telecom (DoT). The operator informed that the previous FDI limit stood at 67.5 percent and now has been raised to 100 percent on Monday. The Idea Cellular, in this context, stated, "The approval is for total foreign investment up to 100% in Idea Cellular, and total indirect FDI in its relevant subsidiaries – Aditya Birla Telecom Ltd. and Idea Cellular Infrastructure Services Ltd." Idea Cellular is reportedly in the process of federating with Vodafone India. The approval for the merger by the telecom department is in the final stages of acceptance. The approval to raise FDI is a great step in the process of incorpora...
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Airtel and Idea Witness Addition in Subscriptions Defeating Vodafone
2Jun By Gauri SinghNo Comments
BUSINESS

Airtel and Idea Witness Addition in Subscriptions Defeating Vodafone

Bharti Airtel and Idea Cellular, the Indian telecom service providers have together added over one crore mobile subscribers in April 2018 according to the information provided by the Cellular Operators Association of India (COAI). On the other hand, Vodafone suffered a loss of over 6.64 lakh customers in the same time period. A statement by the Cellular Association of India stated that the maximum number of additions were made by Idea Cellular fetching up its subscription number to 216.76 million, adding 5.55 million customers. Rajan S Mathews, COAI Director General said,"The growth seen in mobile subscribers this month is encouraging, and the industry is working daily to ensure that connectivity reaches the farthest corners of the country." The director general also informed that the...
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