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
The loss after tax was Rs 5,005 crore in the quarter ended December 31, the company said in a statement. Revenue from operations was Rs 11,765 crore.
Vodafone Idea, along with Bharti Airtel, has requested the government to defer spectrum payment instalments with a two-year moratorium given the losses that these players are facing
Vodafone Idea has undertaken a Rs 25,000 crore equity infusion in addition to its tower and fibre asset monetisation plans to continue the capex
Jio stormed into the world's second-largest phone market in 2016 by offering free wireless services for months
Vodafone and Idea participated in five spectrum auctions in 2010, 2012, 2014, 2015 and 2016 before merging their businesses in August 2108.
Vodafone Idea is involved in rationalising subscribers at the lower end but that is not viable in shoring up the ARPU
Jio tops sub addition even as incumbents continued with stronger active subscriber base
Data compiled by Bloomberg shows the stock of the telecom major was among the top 5 losers in the regional index in local currency terms
The company said that fresh need for quality radiowaves would arise only once the 5G ecosystem was ready
Other resolutions pertain to appointment of D Bhattacharya, Ravinder Takkar, Thomas Reisten, Vivek Badrinath as non-executive directors.
The stock dipped 6% to Rs 35.60 on the BSE after the rating agency CRISIL has downgraded its rating on non-convertible debentures of Rs 60 billion.
While Vodafone Idea is the largest telecom operator in the country, it continues to be under debt burden of around Rs 1.2 trillion, and has been losing mobile customers
Will not try to own the value chain of services like rivals but know that consumers have the capacity to spend, says CEO
No clarity on when the pricing situation will improve in the domestic market, says the company
Analysts feel that even after an equity infusion of Rs 250 billion, VIL's net debt would remain high
The stock slipped 9% to Rs 37.60 on the BSE after the telecom services provider said its pro-forma consolidated Ebitda declined 28.7% at Rs 9.78 billion in Q2FY19 sequentially.
Vodafone says integration of both firms will deliver synergy targets of Rs 140 bn annually
This is the first quarterly result since Vodafone Plc merged its Indian operations with Idea Cellular in August, creating the country's largest telecom operator by subscribers and revenue
Idea looks to retain its old identity in its first major campaign under the newly merged network, hopes to lead consumers gently into the new reality