Idea-Spice marriage to happen post IPO

ET reports that talks of merger or acquisition between Idea Cellular and Spice Telecom will continue only after Spice’s IPO.
A possible reason for this is that the listing will ensure a robust price discovery process for the company, which is currently believed to be valued at about $1 billion. Besides, any merger post-IPO will also [...]

Idea Cellular: Hold

Hindu Business Line’s stock analyst K. Venkatasubramanian puts a “Hold” call on the Idea Cellular stock.
Some interesting tidbits for the rest of us non-investors.

In the 11 circles it operates in, eight are profitable, while in three where it started operations recently

Darryl Green quits Tata Tele

Tata Teleservices CEO Darryl Green has quit the company after a two-year stint.
Darryl was heading Vodafone’s Japan operations prior to joining Tata Tele. Mr Green was the only foreigner holding the CEO’s post in any of the telecom companies.
Darryl has joined staffing services giant Manpower Inc. as its Executive Vice President and President of the [...]