Axiata News
India`s third-biggest mobile phone operator, Idea Cellular Ltd , said it has called off its plan to buy telecom spectrum worth Rs 33.10 billion (USD 493 million) from smaller rival Videocon Telecommunications.
Idea said the securities allotment committee of the board, at its meeting on June 10, has approved issuance of 5.18 crore shares at a price of Rs 144.68 per equity share to Axiata Investments 2 (India) Ltd.
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