Total income for TTML in October-December fell by about 37% on year to Rs 419.36 crore.
Vodafone Group CEO Vittorio Colao described the situation in India as “unsustainable”.
According to a Motilal Oswal report, at the end of December 2017 there were 290 million subscribers in the country who had opted for a bundled plan of one of the top four telcos.
The banks will now take shares in Aircel to replace their loans and may recover their dues in an eventual sale of assets or of the company.
"We forecast Rs 6,300 crore revenues for Idea in the third quarter," said Goldman Sachs.
The Sunil Mittal-owned market leader may post about 15% of the employees from the two telcos overseas, mainly in Africa.
Trai had recommended internet access through Wi-Fi be allowed within the aircraft, adding that making calls be allowed once an aircraft reaches an altitude of 3,000 meters.
Vodafone and Idea Cellular have roped in leadership management company Spencer Stuart to shortlist candidates for major roles in the combined entity.
According to sources, the former promoter of Aircel is readying his legal team to defend his name in the Tata-Mistry battle.
The telecom sector, reeling under ₹5 lakh crore of debt and a sharp fall in revenue, profitability and free cash flows, has been consolidating since the entry of Reliance Jio Infocomm in September 2016 sparked a price war.
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