Shares of Idea Cellular today fell almost 4 per cent after the company posted a loss of Rs 1,106.80 crore for the second quarter this fiscal.
During this low demand period, the sequential quarterly voice minutes grew by 1.7% to 255 billion minutes and mobile data volume (2G+3G+4G) witnessed strong sequential growth of 73.5%.
"The aggregate cash consideration for the transactions is expected to be Rs 78.5 billion, or approximately $1.2 billion at current exchange rates, subject to customary closing adjustments", said the USA based tower company that had earlier acquired Viom Networks, another Indian tower company. Idea Cellular Infrastructure Services Ltd, a unit of Idea Cellular, had around 9,900 towers with a tenancy ratio of 1.80 as of 30 September 2017.
The transactions will help ATC strengthen its foothold in India's telecom tower sector. Upon completion of the sale of tower businesses, Vodafone India will receive $592 million and Idea will receive $615 million. It will have nearly 400 million customers with 35% customer and 41% revenue market share.
Vodafone too has sold its tower business in India to ATC Telecom for an enterprise value of Rs 3,850 crore.
Vodafone will net $592m from the deal with Indian partner Idea Cellular receiving $615m. In 2014-15, ICIS reported total income of Rs238 crore, according to filings with the Registrar of Companies.
Indus-the biggest tower company-is a three-way joint venture among Idea, Vodafone and Bharti Airtel, which also controls Bharti Infratel. Completion of the transaction is subject to customary closing conditions and receipt of necessary regulatory approvals, and is expected to take place during the first half of calendar year 2018. Accordingly, private equity funds KKR and Canadian Pension Plan Investment Board (CPPIB) had emerged as the top contenders.
Also, if you haven't been able to get Siri's attention of late by saying "Hey, Siri", well, Apple fixed that too in this update. But, in many cases, it appears the issue is occurring even when users are within the right temperature range.
The AT&T-Time Warner deal is a "vertical merger", which consolidates two companies, but does not eliminate a competitor. AT&T may be forced to dump CNN for the USA regulators to allow its proposed takeover of Time Warner to go through.
Also, Director A Brooke Seawell sold 35,000 shares of the company's stock in a transaction that occurred on Monday, November 14th. Janney Montgomery Scott Limited Liability Company owns 0.05% invested in NVIDIA Corporation (NASDAQ: NVDA ) for 29,316 shares.
While no one has an idea on how the iPhone X can go even bigger, a visualized render of the iPhone X Plus has surfaced recently. Apple, however, had already acknowledged the unresponsive screen issue and promised a software update to resolve this.
More than 50 people were injured in Iraq's Sulaymaniyah province and about 150 were hurt in Khanaquin city. Local sources said the quake with a depth of 33 kilometers was felt in border towns in Iran and Turkey.
Another 20 people swam to safety or were rescued by villagers in the Krishna district, Andhra Pradesh state Home Minister N. A helpline with toll free number 18004250101 was opened to help the relatives of the victims to get the information.
Some fans have said protests are disrespectful to the American flag and to the military, and have boycotted the NFL. With the week's tension in mind, media members were watching Jones and Blank closely before the game.
It also moves the team one game closer to what certainly must be the end of Jackson's tenure as head coach with the Browns. The Lions won their second straight game after a 38-24 win over the Cleveland Browns , moving to 5-4 on the season.
At 11 a.m., the 16th annual Elk Grove Veterans Day Parade will proceed south on Elk Grove Florin Road to Elk Grove Regional Park. Air Force Band of the West and the 323 Army Band Fort Sam's Own are scheduled to perform.
Defensive line coach Brady Hoke , the former head coach at MI , will serve as UT's interim coach for the remainder of the season. Yet the bad effort showed that the team had quit on Jones or didn't consider him a coach for whom to show its best effort.
Alibaba launched "Singles' Day" as the Chinese online answer to the late-November US "Black Friday" shopping rush. The holiday was once a celebration for China's lonely hearts and unattached singles, known as "bare sticks".
Zampella says he will continue to run things at Respawn and will become a part of the leadership team at EA. Respawn has a good pedigree too, it was founded by Call Of Duty veterans Jason West and Vince Zampella.
Duterte welcomes Trump to Philippines
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Trump Takes on Putin Critics, Kim on Twitter
The post came in response to the country's foreign ministry calling Trump "an old lunatic" over his speech in South Korea. In the first of three successive tweets Sunday morning, Trump hit back at his critics.
Owners Report Pixel 2 / XL Google Assistant Bluetooth Bug
After weeks of discussion, recent user comments suggest there is a temporary fix for the issue - blowing into the bottom speaker. Users have posted videos showing a bright white or greenish flash that seems to confirm the issue.
U.S. to stage drill with three carriers as Trump visits Asia
The exercises appear to be a large-scale show of force aimed at North Korea and scheduled to coincide with Trump's trip to Asia. Pacific Fleet has a determined and steady presence throughout the region, conducting operations for more than 70 years now.
What Are Analysts Report About JC Penney Company, Inc. (JCP)
Penney Company Inc (NYSE: JCP)'s shares owned by insiders are 1.9%, whereas shares owned by institutional owners are 73.5%. It's not clear why Penney underestimated its own sales by that much when there was only one day left in the quarter.
Melania visits Great Wall, Beijing Zoo
In the video, the billionaire tycoon can be seen greeting Chinese president Xi Jinping and wife Madame Peng Liyuan . GuGu is known for aggressive behavior toward humans who enter his enclosure, including repeatedly biting legs .
"Harry Potter" Version of Pokémon Go Debuts
Like Pokémon Go , the game's emphasis will be on going out and exploring the real world through a smartphone and its camera. In the game, players learn spells and fight "legendary" beats - teaming up with others to take down more powerful enemies.