In Q3, Reliance Jio may be the only telco to report a profit1 min read 18 Jan 2018, 03:20 PM IST
Telecom experts say Reliance Jio is likely to report a profit when it announces Q3 results on Friday due to a sharp cut in IUC, increasing subscriber count and stability in pricing
Bharti Airtel Ltd’s December quarter results show its India wireless business ran up losses after accounting for all expenses. The chief culprit: a 57% cut in the interconnection usage charge (IUC) by the Telecom Regulatory Authority of India effective 1 October. Idea Cellular Ltd has already been reporting losses for some time now, and they are expected to expand in the three months ended 31 December thanks to the IUC cut.
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