Company Overview and News

Stop missing out on important events!

Fintel provides real time notifications of important company events such as major investments (13D/G filings), insider trades (SEC form 4), and important SEC filings. Sign up and create your company alerts for free.

Headline News

Government awaits Idea-Vodafone tower sale closure for green signal to mega merger

4h moneycontrol
Closure of Vodafone and Idea's mobile tower sale deal, and raising FDI limit in the Aditya Birla group firm are holding the government's approval to the merger of two operators' to create the largest Indian telecom player, according to sources. (50-0)

Rising Mortgage Rates Adds New Twist To Real Estate Markets

2018-02-23 seekingalpha
Amid a wild month of volatility, this week was rather tranquil. REITs finished roughly flat, on-par with the broader indexes. The 10-year yield topped 2.95% before retreating below 2.90%. (71-0)

Idea Cellular raises Rs 3,500 crore via QIP

2018-02-23 moneycontrol
Mobile operator Idea Cellular today said it has successfully closed a Qualified Institutions Placement (QIP) to raise Rs 3,500 crore. (54-0)

American Tower (AMT) to Post Q4 Earnings: Will It Disappoint?

2018-02-23 zacks
American Tower Corp. (AMT - Free Report) is scheduled to release fourth-quarter 2017 results, before the opening bell on Feb 27. The company’s bottom-line surpassed the Zacks Consensus Estimate in the trailing four quarters, the average beat being 3.94%. Let’s see how things are shaping up prior to this announcement. Factors at Play American Tower faces fierce competition in the global wireless tower market from large incumbents like Crown Castle International Corp. (98-0)

Is It Time To Board The Hannon Armstrong Train?

2018-02-23 seekingalpha
REITs are vehicles that can be used to raise capital for infrastructure investments in “public-private partnership” transactions. (50-0)

Telecom Stock Roundup: Disappointing Q4 for Cincinnati Bell, CenturyLink, Mixed Bag for DISH

2018-02-22 zacks
The telecom space was rife with earnings reports last week. DISH Network Corp. (DISH - Free Report) posted mixed financial results in the fourth quarter of 2017. However, Cincinnati Bell Inc. (CBB - Free Report) , CenturyLink Inc. (CTL - Free Report) , America Movil S.A.B. (AMX - Free Report) and Liberty Global Plc. (LBTYA - Free Report) , all reported disappointing results. Notably, all the above-mentioned companies’ top and bottom lines have missed the Zacks Consensus Estimate. (258-0)

SBA Communications (SBAC) Q4 Earnings: Is a Beat in Store?

2018-02-22 zacks
SBA Communications Corp. (SBAC - Free Report) is scheduled to release fourth-quarter 2017 results, after the closing bell on Feb 26. The company’s bottom-line met the Zacks Consensus Estimate in two of the trailing four quarters, while missing the same in other two. Consequently, it recorded an average miss of 5.93%. Let’s see how things are shaping up prior to this announcement. Why a Likely Positive Surprise? Our proven model shows that SBA Communications is likely to beat estimates because it has the right combination of the two key elements. (123-0)

Idea Cellular fixes Rs82.50 per share to raise Rs3,500 crore via QIP

2018-02-21 livemint
New Delhi: Idea Cellular Ltd on Wednesday said its capital raising committee has approved an issue price of Rs82.50 per share for sale of shares through a qualified institutional placement (QIP) to raise as much as Rs3,500 crore. (54-0)

Idea Cellular fixes Rs 82.50 per share to raise Rs 35-bn through QIP

2018-02-21 business-standard
Idea Cellular today said its capital raising committee has approved an issue price of Rs 82.50 per share for sale of shares through a qualified institutional placement (QIP) to raise as much as Rs 35 billion. "The capital raising committee of the company at its meeting on Wednesday approved the closure of the issue for the QIP," Idea said in a regulatory filing. The committee "determined and approved the issue price of Rs 82. (54-0)

Idea fixes Rs 82.50/share to raise Rs 3,500 cr via QIP

2018-02-21 moneycontrol
Idea Cellular today said its capital raising committee has approved an issue price of Rs 82.50 per share for sale of shares through a qualified institutional placement (QIP) to raise as much as Rs 3,500 crore. (54-0)

Landmark Infrastructure Exposes Investors To Long-Term Multi-Industry Tailwinds

2018-02-20 seekingalpha
Landmark's strategy shields them from a lot of volatility, while providing lots of future growth tailwinds. (57-0)

A failed merger and bailout plan hammered the last nail in Aircel's coffin

2018-02-19 business-standard
For Anand Krishnan, the promoter of Maxis and a majority shareholder in Aircel, it is a tryst he'd like to forget. On January 25 this year Aircel went into a strategic debt restructuring programme with its lenders. Yet, just a few days later, the Reserve Bank of India (RBI) came out with stiff new rules under which existing SDRs had to be resolved within six months or be referred to the NCLT. Krishnan and Maxis, who had in their talks with bankers, promised to bring in $250 million as fresh equity into the company, were stumped with the new rule and decided to call it a day. (54-0)

Aircel to file for bankruptcy at NCLT: Report

2018-02-19 moneycontrol
Aircel will soon file for bankruptcy at the National Company Law Tribunal (NCLT), according to a report in The Economic Times. The telecom company, which has a Rs 15,500 crore debt, has dissolved its board. (52-0)

US firm ATC moves HC against RCom for Rs 1-bn surety over due services

2018-02-15 business-standard
American Tower Corporation has moved the Delhi High Court against Reliance Communications and its subsidiary Reliance Telecom, seeking a surety over Rs 1 billion that ATC says the two companies owe it for services provided since July to December last year, according to a report by the Economic Times. The ATC said RCom's responses to its demand to pay the dues were "evasive/non-committal", indicating a "malafide intent". (52-0)

Idea Cellular gets board nod to raise up to Rs 3,500 cr through QIP

2018-02-15 thehindubusinessline
Idea Cellular, India’s third largest wireless operator by subscribers, on Wednesday received board approval to raise up to Rs 3,500 crore by way of a Qualified Institutional Placement (QIP). On January 30, the telecom operator had received shareholders’ approval for the QIP. (54-0)


CUSIP: 03027X100