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Idea Cellular reports loss of Rs 325.6 crore due to Jio

Indian telco Idea Cellular has reportedly faced a consolidated loss of Rs 325.6 crore in the quarter ended March 31, 2017. According to reports, the massive Q4 loss is said to have occurred due to the promotional offers provided by Ambani-owned Reliance Jio. Notably, the company had reported a profit of Rs 449.2 crore in the same three-month period in 2016.

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