Home / forex / Idea Cellular Soars 10% On Reports Of Tower Business Sale quoting : CNBC

Idea Cellular Soars 10% On Reports Of Tower Business Sale quoting : CNBC

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Currently the Company has different tariff plans for different regions in the internet plans’ segment.
The telecom operator will not charge different prices for different regions from March 31, 2017.
Previously the prices of high speed data plans were sky rocketing, based on the plans’ speed of downloading.
However, the higher speed data plans get exhausted sooner than the low speed ones like the 2G data services, thereby eventually digging into the pockets of customers.
While the company’s customer base has been enabled to migrate services without considering the differences in its tariff plans and data charges.

referring to

Vodafone, Idea Cellular to create new Indian market leader

Vodafone, Idea Cellular to create new Indian market leader

Britain’s Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country’s biggest telecoms business in a bid to contest a brutal price war sparked by new rival Reliance.
“The combined entity will become the leading challenger with the scale to compete more effectively,” Idea said in the statement.
Idea owns 11.15 percent of the joint venture, while Vodafone owns 42 percent.
The combined Vodafone-Idea group would have almost 400 million customers, or 35 percent market share, with an implied enterprise value of 828 billion rupees ($12.66 billion) for Vodafone and 722 billion rupees for Idea.
Aditya and Vodafone eventually aim to own an equal share of the joint venture.

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