Idea Cellular Reports Rs 1285.6 Crore Net Loss, Revenue Down 24.9%
Idea Cellular's net loss widened to Rs 1285.6 crore for the October-December quarter as compared to Rs 385.6 crore net loss in a year earlier period, and Rs 1107.7 crore in the second quarter of the ongoing fiscal. The telco said that the regulator, Trai's regulation to cut the IUC rates by 57% negatively impacted its revenue and EBITDA for this quarter. "The new domestic MTC rate and recently announced... Read More