NEW DELHI: Idea Cellular<\/a>, the country's third largest telecom operator by users, is evaluating a rights issue to raise funds, ETNow reported on Friday.
\n
\nIdea's rights issue is likely to be worth $800 million, ETNow reported, citing industry sources. It added that the telco is likely to seek the Board's nod for rights issue in January.
\n
\nThe additional funds are in line with the Aditya Birla Group company's greater focus on 4G technology post the launch of Reliance Jio's services.
\n
\nIdea Cellular recently acquired additional 2x74.6 MHz spectrum in FDD technology on 1800 and 2100 bands, and 200 MHz of capacity spectrum in TDD technology on 2300 and 2500 bands.
\n
Idea Cellular is currently in active talks with gear vendors like Nokia, Ericsson and Huawei for the 4G network expansion<\/a> in new circles. It may award new contracts in one and a half month’s time, except for the 2500 MHz band initially, ET earlier reported.<\/p><\/body>","next_sibling":[{"msid":56135881,"title":"Kochi corporation slaps fine on Reliance Jio for erecting poles without approvals","entity_type":"ARTICLE","link":"\/news\/kochi-corporation-slaps-fine-on-reliance-jio-for-erecting-poles-without-approvals\/56135881","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":56136675,"entity_type":"ARTICLE","title":"Idea Cellular evaluating a rights issue to raise $800 million: Report","synopsis":"The additional funds are a part of the Aditya Birla Group company's greater focus on 4G technology post the launch of Reliance Jio's services.","titleseo":"telecomnews\/idea-cellular-evaluating-a-rights-issue-to-raise-800-million-report","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2016-12-23 13:52:55","lastupd":"2016-12-23 14:07:59","breadcrumbTags":["Idea Cellular","expansion","Fund raising","bond issue","3G\/4G"],"secinfo":{"seolocation":"telecomnews\/idea-cellular-evaluating-a-rights-issue-to-raise-800-million-report"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2016-12-23" data-index="article_1">
NEW DELHI: Idea Cellular<\/a>, the country's third largest telecom operator by users, is evaluating a rights issue to raise funds, ETNow reported on Friday.
\n
\nIdea's rights issue is likely to be worth $800 million, ETNow reported, citing industry sources. It added that the telco is likely to seek the Board's nod for rights issue in January.
\n
\nThe additional funds are in line with the Aditya Birla Group company's greater focus on 4G technology post the launch of Reliance Jio's services.
\n
\nIdea Cellular recently acquired additional 2x74.6 MHz spectrum in FDD technology on 1800 and 2100 bands, and 200 MHz of capacity spectrum in TDD technology on 2300 and 2500 bands.
\n
Idea Cellular is currently in active talks with gear vendors like Nokia, Ericsson and Huawei for the 4G network expansion<\/a> in new circles. It may award new contracts in one and a half month’s time, except for the 2500 MHz band initially, ET earlier reported.<\/p><\/body>","next_sibling":[{"msid":56135881,"title":"Kochi corporation slaps fine on Reliance Jio for erecting poles without approvals","entity_type":"ARTICLE","link":"\/news\/kochi-corporation-slaps-fine-on-reliance-jio-for-erecting-poles-without-approvals\/56135881","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":56136675,"entity_type":"ARTICLE","title":"Idea Cellular evaluating a rights issue to raise $800 million: Report","synopsis":"The additional funds are a part of the Aditya Birla Group company's greater focus on 4G technology post the launch of Reliance Jio's services.","titleseo":"telecomnews\/idea-cellular-evaluating-a-rights-issue-to-raise-800-million-report","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2016-12-23 13:52:55","lastupd":"2016-12-23 14:07:59","breadcrumbTags":["Idea Cellular","expansion","Fund raising","bond issue","3G\/4G"],"secinfo":{"seolocation":"telecomnews\/idea-cellular-evaluating-a-rights-issue-to-raise-800-million-report"}}" data-news_link="//www.iser-br.com/news/idea-cellular-evaluating-a-rights-issue-to-raise-800-million-report/56136675">
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