Idea, third largest telecmom company, had posted a profit of Rs 220 crore during same period last year.
Idea said it plans to extend its 4G services to 20 circles across India by FY2017 after the board approved an additional Rs 1,000 cr capital expenditure to build its infrastructure.
Mumbai: Idea Cellular Ltd, India's No 3 telecoms firm, reported a third straight quarterly loss on Thursday, reeling in the wake of a price war wrought by new entrant to the sector, Reliance Jio.
It made a net loss of 8.15 billion rupees ($127.13 million) for the three months to June 30, compared with a profit of 2.20 billion a year earlier. Income fell by about 14 percent to 81.82 billion rupees.
Analysts on average estimated a loss of 6.71 billion rupees, Thomson Reuters I/B/E/S data showed.
Reliance Industries, led by India's wealthiest man Mukesh Ambani, entered India's telecoms industry last year, spending more than $30 billion on Jio and upending the sector with cheap smartphones and data plans.
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