Idea q2 net at R180 cr; 3G launch in Q4 | india | Hindustan Times
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Idea q2 net at R180 cr; 3G launch in Q4

Aditya Birla Group firm Idea Cellular today reported an 18 per cent year-on-year decline in net profit at R180 crore during the July-September quarter of the current fiscal year against R220 crore.

india Updated: Oct 25, 2010 21:31 IST
HT Correspondent

Aditya Birla Group firm Idea Cellular on Monday reported an 18 per cent year-on-year decline in net profit at R180 crore during the July-September quarter of the current fiscal year against R220 crore.

“Figures for the current period are not comparable with that of the corresponding period due to the merger of Spice Communications effective March 1, 2010, prior to which it was a joint venture,” said Sanjeev Aga, managing director, Idea Cellular.

The company plans to start 3G wireless services in the January-March quarter of 2011.

“Idea is pursuing long-term arrangements with select quality operators for service areas where Idea was not awarded 3G spectrum,” said Aga. Idea won 3G radio airwaves in 11 circles.