Tough times ahead for Idea Cellular
₹1.07 lakh crore debt post merger with Vodafone is a point of concern
The stock of Idea Cellular, one of the key players in the telecom market, went down 7 per cent to close at ₹85.85 on Monday post March quarter results for FY2016-17. Competition from Jio weighsWhile strong competition and the free services offered by new entrant Reliance Jio has negatively impacted the performance of the company, the synergies from the merger between Idea and Vodafone are being ...
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