Bharti isn’t on its own as Idea spirals

Idea Cellular has reported its results for the quarter ending June 30 and Jio has left its mark here as well as revenues decline 13.9% year-on-year.
The upstart doesn’t seem to have impacted Idea as violently as it did its long-time rival Bharti Airtel, but a 13.9% year-on-year decline in revenues is a bitter pill to swallow. Cash profit, as it is described in the press release, dipped a heart-breaking 61.9% year-on-year, as the Indian market continues to be a dangerous one to operate in.