NEWDELHI, April 16 -- India's largest wireless operator Vodafone Idea Ltd has asked the telecom regulator to abandon its plan to scrap the interconnect usage charge (IUC) from January 1 and instead raise it to 20 paise a minute from 6 paise now, a top company official said.

Vodafone Idea, which has 387 million active users, believes that abolishing IUC will hurt the earnings of the operator. The company is already struggling in a hyper-competitive telecom market and had posted a loss of Rs 5,004 crore in the December quarter, while its rivals Bharti Airtel Ltd and Reliance Jio Infocomm Ltd posted profits of Rs 86 crore and Rs 831 crore, respectively.

"It will impact our books for sure," Vodafone Idea chief executive officer Balesh Sharma ...