Reliance Jio free services effect: Idea Cellular posts first ever net loss in Q3
Idea Cellular, India’s third largest telecom operator by users has reported its first ever consolidated net loss since its listing in the December 2016 quarter. In the quarter, the telco posted a consolidated net loss of Rs 383.87 crore for the December 2016 quarter, against a net profit of Rs 659.35 crore in the year-ago period. In a statement, Idea Cellular said that the Indian telecom industry witnessed an unprecedented... Read More