Now Reading: Vodafone Idea raises Rs 6,400 crore, posts narrower loss
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Vodafone Idea raises Rs 6,400 crore, posts narrower loss
Vodafone Idea has secured Rs 6,400 crore as the first tranche of funding from a consortium led by State Bank of India, CEO Abhijit Kishore said. The company reported a narrower net…
The Story in Brief
Vodafone Idea has secured Rs 6,400 crore as the first tranche of funding from a consortium led by State Bank of India, CEO Abhijit Kishore said. The company reported a narrower net loss of Rs 3,754 crore for the first quarter of FY27, nearly halved from Rs 6,608 crore a year earlier, helped by an exceptional gain of Rs 1,611 crore and higher ARPU. Revenue grew 6% to Rs 11,689 crore.
Vi recorded its first net subscriber addition since the 2018 merger, with a total base of 193.1 million. ARPU rose 10.2% to Rs 195. The company has placed Rs 9,000 crore in capex orders with Ericsson, Nokia and Samsung as part of a three-year Rs 45,000 crore plan. However, the company's networth stood at negative Rs 38,327 crore as of June 2026.
The Indian Opinion
The jubilation over Vi's narrower loss and first subscriber growth since 2018 is understandable, but the narrative of a turnaround skips the hard facts. Networth remains deeply negative at Rs 38,327 crore, with Rs 1.3 lakh crore in spectrum dues and Rs 25,759 crore in AGR dues. The Rs 6,400 crore raised is just a first tranche against a planned Rs 25,000-35,000 crore. The real test will be whether Vi can sustain profitable subscriber growth and meet the Rs 9,259 crore in dues due by June 2027 without further government concessions.
Sources (2): timesnownews.com, rediff.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
