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Idea Cellular cuts FY13 capex guidance to $557 million
January 29, 2013 / 12:46 PM / 5 years ago

Idea Cellular cuts FY13 capex guidance to $557 million

MUMBAI (Reuters) - Mobile phone carrier Idea Cellular Ltd(IDEA.NS) expects capital expenditure of 30 billion rupees for the fiscal year ending in March, finance chief Akshaya Moondra said, 5 billion rupees lower than its earlier guidance.

Soldiers in ceremonial dress use their cell phones to record the proceedings of Republic Day celebrations in Srinagar January 26, 2009. REUTERS/Fayaz Kabli/Files

Idea expects headline voice tariff to remain unchanged as of now, even though call prices need to be balanced with costs, Managing Director Himanshu Kapania told reporters on Tuesday.

Both executives were speaking at a news conference after India’s No. 3 mobile operator by revenue reported a smaller-than-expected 14 percent rise in quarterly profit.

Reporting by Aradhana Aravindan; editing by Malini Menon

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