Idea Cellular posts sixth straight quarterly loss in Q4
Updated : April 30, 2018 07:26:50 IST
Idea Cellular Ltd, the third-biggest telecoms carrier, posted a sixth straight quarterly net loss that was narrower than expected but showed the firm continues to battle intense competition sparked by upstart rival Reliance Jio.
That compared with the 14.96 billion rupees average loss estimate compiled from 13 analyst forecasts, Thomson Reuters data showed.
Operations were also hit by a regulatory change. Effective February, the Telecom Regulatory Authority of India had cut international termination charges (ITC) - a fee paid by global long-distance operators to local carriers - to 30 paise from 53 paise.
Published : April 28, 2018 03:26 PM IST