Now Reading: Voda Idea Q1 loss narrows to Rs 3,754 crore on dues relief
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Voda Idea Q1 loss narrows to Rs 3,754 crore on dues relief
Times of India reports that Vodafone Idea’s net loss narrowed to Rs 3,754 crore in the June quarter from Rs 6,611 crore a year ago, helped by government relief on dues. Revenue…
The Story in Brief
Times of India reports that Vodafone Idea’s net loss narrowed to Rs 3,754 crore in the June quarter from Rs 6,611 crore a year ago, helped by government relief on dues. Revenue from operations rose 6% to Rs 11,689 crore. The customer base slipped 2% to 19.3 crore, but average revenue per user improved 10.2%.
The debt-laden telecom firm continues to lose subscribers even as it inches toward better unit economics. The government’s decision to allow staggered payment of adjusted gross revenue dues gave the company breathing room, but its long-term survival hinges on reversing the subscriber decline.
The Indian Opinion
Cheerleaders for Vodafone Idea will point to the shrinking loss and rising ARPU as signs of a turnaround. But the subscriber base is still shrinking, down 2% year-on-year, and the company needs far more than a government lifeline to compete with Jio and Airtel. The real test will come next quarter: can it add paying users while keeping the ARPU growth going?
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
