Idea Cellular tanks over 8% on March quarter loss

Idea Cellular tanks over 8% on March quarter loss

The Capex guidance for FY18 is Rs. 60 billion, an investment earmarked for expanding broadband coverage, increase wireless data capacity with planned launch of 2300 MHz spectrum network (2500 MHz spectrum rollout slated for FY19) & introduction of LTE voice services, etc. Revenue in the fiscal third quarter was Rs 8662.7 crore.

The company had posted a net profit of Rs 449.2 crore in the year-ago period. An ET poll of analysts had estimated the Kumar Mangalam Birla-owned company to post a loss of Rs 943 crore for the said quarter.

Idea Cellular Ltd, India's third-biggest telecom operator, posted its second straight quarterly loss after a rival carrier's free services hit sales and eroded margins.

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- Bharti Airtel's mobile data revenue declined 14.6% .

Idea launched its 4G services in 8 service areas of Gujarat, UPW, UPE, Rajasthan, Bihar, West Bengal, Assam and J&K, thus expanding its 4G broadband services to 19 telecom circles in fiscal 2017. For Idea, this is the second consecutive consolidated loss on a quarterly basis as the company viewed October-April as "particularly harsh" and a "period of telecom discontinuity". Idea's result was announced on Saturday, 13 May 2017.

Idea cut voice tariffs by 12.5 per cent while data prices were reduced by 27.6 per cent in the quarter, compared with the three months to December, it said. Its overall mobile data customer base decreased to 42.2 million from 48.6 million in the October-December period.

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Though its per subscriber data usage went up 36.2% to 957 MB as against 703 MB in Q3FY17 Idea said that its data ARPU (Average Revenue Per User) remained flat at Rs 110 as against Rs 111 in Q3FY17.
The "Non Voice Revenue" (including data) contribution to the "overall service revenue" fell to 24.9% as mobile data revenue contribution declined to 18.3% (vs 20.2% in Q3FY17).

Total data ARPU decreased by 4.5% to Rs 185 in FY17 from Rs 194 in the previous year.

Bharti Airtel and Idea Cellular estimate that the era of freebies is likely to be over for customer acquisition as Reliance Jio has started charging its subscribers.

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