07-09-2017, 11:31 AM
Cellular Idea (commonly known as Simply Idea, and stylized as! Dea) is an Indian mobile network operator based in Mumbai, Maharashtra. Idea is an integrated pan-India GSM operator offering 2G, 3G and 4G mobile services. Idea is the third largest mobile operator in India by subscriber base. Idea has 191 million subscribers as of December 31, 2016.
During its creation in 1995, Aditya Birla Group, Tata Group and AT & T Wireless each had a third share in the company. Following the merger of AT & T Wireless with Cingular Wireless in 2004, Cingular decided to sell its 32.9% stake in Idea. This participation was also bought by the other two interest groups. Tata was involved in the cellular market with its own subsidiary, Tata Indicom, a mobile provider based in CDMA, and in April 2006 Aditya Birla Group announced the acquisition of the 48.28% stake of Tata Group at INR 40.51 per share , with 15% of the stake acquired by Aditya Birla Nuvo and the remainder of Birla TMT Holdings Private Ltd. both Bir Bir AV family businesses. Malaysia Axiata bought a 19.96% stake in the company in 2009.
During its creation in 1995, Aditya Birla Group, Tata Group and AT & T Wireless each had a third share in the company. Following the merger of AT & T Wireless with Cingular Wireless in 2004, Cingular decided to sell its 32.9% stake in Idea. This participation was also bought by the other two interest groups. Tata was involved in the cellular market with its own subsidiary, Tata Indicom, a mobile provider based in CDMA, and in April 2006 Aditya Birla Group announced the acquisition of the 48.28% stake of Tata Group at INR 40.51 per share , with 15% of the stake acquired by Aditya Birla Nuvo and the remainder of Birla TMT Holdings Private Ltd. both Bir Bir AV family businesses. Malaysia Axiata bought a 19.96% stake in the company in 2009.