Wednesday, 24 January 2018

Idea Cellular Likely To Widen Net Loss To Rs 1,292 Crore In December Quarter

Idea Cellular, which is scheduled to report its results for the quarter ended December on Wednesday could report a net loss of Rs 1,292 crore compared to Rs 1,106 crore reported in the previous quarter, according to a poll conducted by CNBC-TV18.

According to estimates, the telecom major is expected to report 10 percent fall in revenues for the quarter ended December to Rs 6,738 crore compared to Rs 7,465 crore reported in the previous quarter, weighed down by interconnection usage charges cut by TRAI and sharp fall in realisations.

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