Idea Cellular Registers 65% Profit

Idea Cellular, India’s fourth largest GSM cellular service provider has had a phenomenal fourth quarter in terms of the revenue generated. The company claims the profit margin has risen by 133.23 per cent rise. This adds up to an estimated Rs 132.01 crore.


Last year the company had recorded the total profit to be Rs 584.86 crore, this year the company stands at a total profit of Rs 855.54 crore.

On the other hand, IBM had received a ten-year outsourcing contract from the Aditya Birla owned mobile network operator. The deal is estimated to be worth between USD 600 -800 million.

Under the terms of the deal, IBM will handle services like billing, revenue assurance, credit collection and subscriber management, and manage the IT infrastructure of India’s fifth largest mobile operator.

This move only depicts India’s maturity and skyrocketing economy. Many Indian companies have reached a stage where they can themselves outsource operations to multinational companies.

Source : http://www.sda-india.com