Idea readies its banking services

Idea Cellular, India’s third largest operator, updated on mobile banking during its Q1 2016 results, one of three business segments it picked out. While the operator did not offer any financial figures, it did provide a progress report on its …

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Idea talks up Q1 performance

Idea, India’s third largest operator, reported a 16-per-cent jump in revenue to INR88 billion ($1.38 billion) in Q1 of its 2016 financial year. Net profit in the three months to the end of June 2015 was INR9.3 billion, an increase …

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MWC Shanghai 2015 Keynote: Idea Cellular

Himanshu Kapania, Managing Director of Idea Cellular, presents in the keynote focused on ‘Mobile Identity for the Connected Life.’

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India’s leading operators join rush for banking licences

Vodafone, Idea Cellular and Reliance Industries have all applied to become payments banks — cutdown versions of traditional banks which the Indian government hopes will boost financial inclusion. The operators are either in partnerships for their bids, or looking at …

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Indian government eyes $10B proceeds from spectrum auction

The Indian government wants to raise INR648.4 billion ($10 billion) from its forthcoming auction of spectrum in the 800 MHz, 900 MHz and 1.8 GHz bands. The government expects to realise a quarter of this sum — or INR160 billion …

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Axiata’s Q3 net profit falls 21% as Celcom, XL stumble

Axiata’s Q3 earnings fell sharply and revenue was down slightly as its two largest units, Celcom and XL, both faced declines in profits and revenue. The operator’s Q3 net profit decreased 21 per cent to MYR607 million ($181 million) while …

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