Idea resumes pan-India 3G services

It will enable over 25 percent of its base of 13.7 crore subscribers to experience high speed 3G Internet services on their mobile devices.

India's fourth largest teleco  Idea Cellular today resumed 3G services through intra-circle roaming (ICR) across 10 circles.

It will enable over 25 percent of its base of 13.7 crore subscribers to experience high speed 3G Internet services on their mobile devices. Another private telecom operator, Airtel, had resumed 3G services last Sunday following the companies winning their case against the government ban on intra-circle roaming at the telecom tribunal last week.

Also Read: Idea to spend Rs 3,500 cr in networks; 3G in Delhi by 2015

Both, prepaid and postpaid Idea customers in Delhi, Mumbai, Rajasthan, Karnataka, Kolkata, Bengal, Tamil Nadu, Bihar, Assam and the Northeast can now avail of 3G services. "Idea has partnered with leading telecom operators in the country to enable seamless 3G connectivity," company's Chief Marketing Officer Sashi Shankar said in a statement.

Already the largest players Airtel and Vodafone have restarted offering 3G roaming services in circles where they don't have 3G network through intra-circle roaming arrangements from past weekend.

Idea Cellular stock price

On May 05, 2014, Idea Cellular closed at Rs 130.40, down Rs 3.6, or 2.69 percent. The 52-week high of the share was Rs 188.35 and the 52-week low was Rs 124.40.

The company's trailing 12-month (TTM) EPS was at Rs 5.09 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 25.62. The latest book value of the company is Rs 47.34 per share. At current value, the price-to-book value of the company is 2.75.

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