Idea earnings show merger can’t come soon enough
Idea Cellular has reported its latest quarterly figures and they don’t make for good reading. The Vodafone merger seemingly can’t happen quickly enough.
Total revenues for the quarter demonstrated an 8.6% quarter-on-quarter decline, while year-on-year revenues decreased by an breath-taking 19.7%. After making a handsome profit of $660 million in the same quarter of 2016, the team swung to a loss of $180 million for the last three months. Market share has also declined from 19.4% to 1
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