Idea Cellular rallies nearly 12%; all eyes on Vodafone-Idea mega merger

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Anup Tiwari

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NEW DELHI: Shares of Idea Cellular rallied nearly 12 per cent in Wednesday’s trading amid reports the third-largest domestic telecom operator has introduced a new scheme called ‘Idea Select’ for both prepaid and postpaid customers.

According to ET Telecom's report, the service comes with four plans: Idea Select Titanium, Idea Select Platinum, Idea Select Gold, and Idea Select Silver. Idea Select Titanium offers the most benefits and is the premium of all, followed by the others in the order they’re mentioned.

Already there are reports that Vodafone Group and Aditya Birla Group are likely to make an announcement on the mega-merger of the former's Indian arm and Idea cellular as early as this week. Under the 21 billion euro deal, both the companies are seen holding an equal stake in the merged entity.

Idea Cellular: Idea Cellular rallies nearly 12%; all eyes on Vodafone-Idea mega merger, Telecom News, ET Telecom
 
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