Telecom
2 min read
Idea Q3 revenue falls 25% from MTR cut “body blow”
India’s Idea Cellular has reported a steep 24.9% decline in Q3 revenue and a surge in net losses as a result of the “body blow” from regulator Trai in the form of a mobile termination charge cut. Revenue for the quarter fell to 65.1 billion rupees ($1.02…