Idea Cellular Q4 consolidated net loss stood at Rs 962 crore

Mumbai: Idea cellular posted a consolidated net loss of Rs 962.1 crore for the fourth quarter (January-March) of 2017-18, a company statement said here on Saturday.

The company had posted consolidated net loss of Rs 1,284.6 crore during the third quarter of 2017-18.

The gross revenue of the company during the fourth quarter stood at Rs 6,137.3 crore.

The statement said the Indian mobile industry witnessed another year of hyper-competition as well as high regulatory headwinds. The super aggressive price plans including the deep discounted unlimited voice bundled data plans, offered by most of the incumbent operators to retain existing subscribers against abysmally low priced plans offered by new 4G operator, exploded the voice and data volume growth multi-folds.

But the blended overall customer average revenue per user (ARPU) downgraded from Rs 114 in Q3 FY18 to Rs 105 in Q4FY18 due to enhanced competitive intensity, the company said.