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Idea Cellular lost 532K 4G subscribers during Q3FY17; net loss at Rs 478.9 crore

Idea Cellular lost 532,000 4G subscribers during the quarter ended September 2016 (Q3 FY17), taking the total 4G base to 2.54 million subscribers. The telco’s 4G base declined 17% quarter-on-quarter (QoQ) from 3.07 million 4G customers in the previous quarter. It had reported 680,000 4G subscribers in the March quarter (Q4 FY16). New entrant Reliance Jio, on the other hand, reported 72.4 million 4G subscribers on its network. Idea’s 4G data volume usage stood at 12.4 billion MB at the end of the quarter increasing from 10.25 billion MB in the preceding quarter. The company said that it had 20.4 million 4G handsets on its network during Q3 FY17 compared to 19.3 million in the preceding quarter. The number of 4G cell towers increased to 33,954 from 24,945 in the preceding quarter. Idea currently has 4G in 11 circles out…

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