Idea Cellular nosedives almost 6%

Reliance Jio effect Idea Cellular has reported a loss of Rs 815.9

Reliance Jio effect Idea Cellular has reported a loss of Rs 815.9

Idea Cellular has added 5724 new 4G cell sites and 1608 new 3G cell sites in the first quarter ended June 30, 2017, taking the overall 4G cell site count to 46,576, and 3G cell site count to 70,810.

The Aditya Birla Group company's net debt of Rs 53,920 as of June 30 is in process of merging with Vodafone Plc.'s Indian arm to create India's largest mobile telephony firm.

In its Q1FY18 result announcement, Idea Cellular said it will deploy 4G network using 2300 Mhz and 2500 MHz spectrum band in five of its markets in FY18.

The third largest mobile operator had posted a net profit of Rs 220 crore in the year ago period and a loss of Rs 325 crore in the immediate proceeding quarter.

During last two years, Idea said that it has aggressively expanded its wireless broadband infrastructure by 3.5 times by adding 83,765 sites (3G+4G), expanding the network to 117,386 broadband sites (3G+4G).

The telco said that Mobile data volume witnessed a meteoric growth of 99.1 percent on a sequential quarterly basis as Idea's large Pan India network, primarily its Wireless Broadband Network, carried 252.8 billion Mega Bytes in Q1FY18, almost double the traffic consumption in Q4FY17. Idea's wireless broadband network (3G+4G) now covers 524 million Indians across all 22 service areas in over 106,000 towns and villages.

Mobile data users on Idea network declined from 42.2 million in Q4FY17 to 38.1 million in Q1FY18. However, the mobile data rate (ARMB) saw an unprecedented decline of 52.9 percent, reaching to as low as 5.4 paise/MB (vs. 11.5 paise in Q4FY17).

Idea's 4G network utilization was below 30% in Q1.

The planned deployment of 2300 MHz or 2500 MHz spectrum band in 5 of its leadership markets during the current financial year will further boost Idea's 4G capacity in these key markets.

The company will introduce VoLTE - Voice services on 4G LTE network by early calendar year 2018.

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