INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Idea Cellular on Saturday reported a three-fold rise in consolidated net loss at Rs 962.20 crore for the quarter ended March 2018
The telecom firm had posted a net loss of Rs 327.70 crore in the same quarter last year
Total income slipped 22 per cent year-on-year to Rs 6,387.70 crore during the quarter under review
The figure stood at Rs 8,194.50 crore a year earlier.
For 2017-18, net loss jumped to Rs 4,168.20 crore, from Rs 399.70 crore in the
Jio reported ARPU of Rs 137 for the March quarter while that of Bharti Airtel is Rs 116.
This is for the sixth straight quarter that Idea
in domestic and international MTC settlement rate and (b) unrelenting rate pressure on voice and mobile data services as high ARPU consumers
Cellular said in a release.
The company further said merger of Idea and Vodafone India is in its final leg of regulatory approvals and is
expected to get completed in the first half of 2018.
The stock closed 0.66 per cent up at Rs 68.80 on Friday whereas the Sensex rose 0.74
