Idea Cellular reports 39% drop in Q4 profit

IndiaTimes of India — MUMBAI: Idea Cellular, India’s third-largest telecom company, reported a smaller than expected fall in quarterly profit helped by strong voice and data revenue. The company, which has 184 million mobile subscribers, posted a 38.9% fall in profit to 5.76 billion rupees ($86.60 million) in the three months to the end of March, hurt by higher financing and spectrum fees of its 4G network.

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