Idea Cellular Records Net Losses of Rs 1,285 crore in Q3FY18

Idea Cellular has recorded net losses to the tune of Rs 1,285 crore for the quarter ended December 31, 2017, owing to cut in interconnection charges and RJio disrupting the market.

The company had posted losses of Rs 384 crore during the same period a year earlier, Idea Cellular said.

The company also saw its revenues plunging about 25% to Rs 6,510 crore.