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The
company, which in December launched its 4G services in select
cities, said it had raised its capital expenditure estimate for
the fiscal year to March to 75 billion rupees ($1.1 billion),
from 60-65 billion rupees guided previously.
Idea, part of the Aditya Birla conglomerate and nearly a fifth
owned by Malaysia's Axiata, said consolidated net profit fell to
7.64 billion rupees in its fiscal third quarter to Dec. 31, from
7.67 billion rupees a year earlier.
Analysts on average had expected a net profit of 8.06 billion
rupees, according to data compiled by Thomson Reuters.
Revenue in the December quarter rose 12.4 percent from a year
earlier to 90.01 billion rupees.
Idea said it expected to roll out 4G services across 750 towns
and cities in India by June this year.
Indian mobile operators are bracing for tough competition in an
already cutthroat market as Reliance Jio, the telecoms unit of
conglomerate Reliance Industries, plans to launch nationwide 4G
broadband services later this year.
(Reporting by Himank Sharma; Editing by Subhranshu Sahu)
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