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Jio blues: Idea posts 4th straight quarterly loss

New Delhi: Telecom carrier Idea Cellular Ltd posted its fourth straight quarterly loss on Monday, as it struggled with the aggressive pricing structure brought in by an upstart rival. Idea posted a loss of Rs 1,106.80 crore for the second quarter of the ... read more

UPDATE 1-India's Idea Cellular posts quarterly loss; to sell tower unit

Idea Cellular reported a fourth straight quarterly loss on Monday as intense competition in the telecom sector continued to hurt, and said it would sell its tower business to reduce debt. The tower business will be sold at an enterprise value of 40 billion ... read more

American Tower to buy telecoms masts from Idea, Vodafone for $1.2 billion

Idea Cellular, part of the Aditya Birla conglomerate, on Monday reported its fourth straight quarterly loss, mainly due to it having to compete against Jio’s series of cut-price service offers. American Tower, which agreed to take control of Indian masts ... read more

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Idea Cellular posts quarterly loss; to sell tower unit

Idea Cellular reported a fourth straight ... loss of 11.07 billion rupees ($169.45 million) in the quarter ended Sept. 30, compared with a profit of 915 million rupees a year earlier. (http://bit.ly/2i9WwuO) Analysts on average expected the company to post ... read more

India's Idea Cellular posts quarterly loss; to sell tower unit

Idea Cellular, part of the Aditya Birla conglomerate, on Monday reported its fourth straight quarterly loss, mainly due to it having to compete against Jio's series of cut-price service offers. American Tower, which agreed to take control of Indian masts ... read more


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