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Idea Cellular moves up on unveiling 3G services in Delhi

08 Dec 2015 Evaluate

Idea Cellular is currently trading at Rs. 137.40, up by 0.20 points or 0.15% from its previous closing of Rs. 137.20 on the BSE.

The scrip opened at Rs. 136.00 and has touched a high and low of Rs. 138.30 and Rs. 136.00 respectively. So far 104414 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.90 on 17-Apr-2015 and a 52 week low of Rs. 127.00 on 10-Nov-2015.

Last one week high and low of the scrip stood at Rs. 145.20 and Rs. 136.60 respectively. The current market cap of the company is Rs. 49248.27 crore.

The promoters holding in the company stood at 42.25% while Institutions and Non-Institutions held 29.18% and 28.58% respectively.

Idea Cellular, one of the biggest cellular carrier of the country has unveiled third generation (3G) services in Delhi on 900 Mhz band with the support of 2,500 3G cell sites and 5,000 upgraded 2G cell sites. With this launched, the company's 3G customers in Delhi will have a better experience, while accessing services like video telephony, mobile TV, video on demand, music downloads, online gaming, amongst many others. The company will soon launch better quality 3G services in Kolkata.

Idea Cellular is an Aditya Birla Group Company, India's first truly multinational corporation. Idea is a pan-India integrated GSM operator offering 2G and 3G services, and has its own NLD and ILD operations, and ISP license. Idea has won spectrum to launch 4G services across 10 key markets and has initiated multiple steps towards introduction of 4G LTE services on 1800 MHz, in a phased manner from calendar year 2016 onwards.

 

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