Idea Cellular gains on recommencing 3G through ICR across 10 circles

Idea Cellular is currently trading at Rs. 131.40, up by 1.00 points or 0.77% from its previous closing of Rs. 130.40 on the BSE. The scrip opened at Rs. 131.40 and has touched a high and low of Rs. 133.50 and Rs. 130.60 respectively. So far 97228 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 188.35 on 15-Oct-2013 and a 52 week low of Rs. 124.40 on 10-Jun-2013. Last one week high and low of the scrip stood at Rs. 145.70 and Rs. 129.20 respectively. The current market cap of the company is Rs. 43971.03 crore. The promoters holding in the company stood at 45.81% while Institutions and Non-Institutions held 21.92% and 32.27% respectively. Idea Cellular has recommenced 3G services through intra-circle roaming (ICR) agreements. The services would be recommenced across its 10 telecom circles, and enabling its subscribers roam on 3G networks across all the 22 circles in the country. The 10 circles to be activated under 3G services are Delhi, Mumbai, Rajasthan, Karnataka, Kolkata & West Bengal, Tamil Nadu, Bihar, Assam and North East. The company’s both post- and pre-paid customers can avail of the services.  The company has also partnered with leading telecom operators in the country to enable seamless 3G connectivity. Idea Cellular, an AV Birla group company, provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level, it is present in all 22 telecom circles.