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Why Vodafone-Idea is in trouble despite being India's No. 2 telecom firm

Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company

Vodafone

Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company, on reports that the government has directed the telcos to clear their adjusted gross revenue dues within three months. Liabilities on account of AGR are estimated at Rs 25,678 crore.  For the very same reason, Bharti Airtel also reported a pre-tax loss of Rs 31,334 crore for the September 2019 quarter, as compared with a pre-tax loss of Rs 1,998 crore a year ago. Vodafone Idea had posted a loss of Rs 4,974 crore in the ...