The telecom firm plans to add 3700+ broadband sites in Maharashtra and Goa.
Idea Cellular announced that it is in the process of doubling its current 4G capacity by adding 5 MHz spectrum in the 1800 MHz band. This action the company claims would significantly increase current speeds to more than double from current levels.
Over 7,200 4G sites are planned that would cover over 525 towns and 7,100 villages in Maharashtra and Goa. The company plans to add over 3,700 broadband sites in FY18.
This move could double 4G capacity and give Idea customers much faster download and upload speeds.
In August-September 2017, Idea Cellular added 1.5 lakh subscribers to its wireless base in Maharashtra alone. Nationally, however, the company lost 9 lakh subscribers during the same period.
Idea is the third largest telecom player in India with a revenue market share (RMS) of 19% (FY17). It also owns 12.8% stake in Indus Towers, a three-way joint venture with Bharti Airtel and Vodafone. Idea had a total subscriber base of 19.8cr at the end of FY17.
Idea Cellular Ltd is currently trading at Rs 97.25, up by Rs 1.2 or 1.25% from its previous closing of Rs 96.05 on the BSE. The stock touched a 52 week high of Rs 123.75 on 20-Mar-2017 and a 52 week low of Rs 66.6 on 13-Jan-2017. Last one week high and low of the scrip stood at Rs 102.9 and Rs 94.25 respectively.
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