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In its second quarterly results after the merger, Vodafone Idea (VIL) posted a net loss of Rs 5,004 crore, which was higher than Street estimates.
The December quarter loss was higher than the previous quarter, when the firm had posted a loss of Rs 4,974 crore, primarily on account of network-expansion costs. The telco lost 35 million customers during the quarter. The average revenue per user (Arpu), however, improved.
Compared to a 7.1 per cent decline in Q2, the revenue decline slowed on a quarter-on-quarter basis in the third quarter of 2018-19. With the company's strategy of focusing on high-revenue
