Idea posts second quarter results

26 Oct 2009

Idea Cellular has posted a 53% increase in second quarter net income to INR2.2 billion (USD47.3 million) on the back of strong subscriber growth and lower losses from launches in new coverage areas. Revenue meanwhile climbed 29% to INR29.7 billion. However, the results were below analyst expectations: a poll of 16 Dow Jones analysts forecast net income of INR2.7 billion and sales of INR30.6 billion.

India, Vi (Vodafone Idea Limited, VIL)