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Idea Cellular posts Rs.1,176-crore loss consecutively in third quarter
Posted on: 14-11-2017 , 12:36:PM | DY365 Bureau

 Image for representational purpose only. Source : Internet

The Aditya Birla Group’s Telecom Venture, Idea cellular reported a net loss of Rs. 1,176 crore, on a standalone basis, in the second quarter ended September 30.

During this year, the total revenue fell to Rs.7,465 crore from Rs.9,300 crore in the comparable year-ago period.

Currently Idea had a net debt of Rs.54,100 crore as of September 30, which includes debt under the deferred payment obligation for spectrum.

Also, according to various reports Vodafone is in talks with Idea for merger in battle against Reliance Jio.

 
 

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