INSUBCONTINENT EXCLUSIVE:
Vodafone Idea is likely to report a net loss of over Rs 4,000 crore in the September quarter (Q2FY20) amid the ongoing battle of survival
for the telecom player and consequently a significant customer exit on a QoQ basis.
The company is slated to announce its financial results
for Q2FY20 on Thursday later in the day.
Brokerage firm ICICI Securities sees a net loss of Rs 4,601 crore for the telecom firm with
flattish average revenue per user (ARPU) at Rs 108
Aditya Birla Group will not infuse any fresh equity into Vodafone Idea Ltd, its telecom joint venture with Vodafone Group of UK, and let it
which could be over Rs 39,000 crore.
Shares of the company were trading 16 per cent down at Rs 3.10 in morning trade, while the benchmark
It looks increasingly plausible to believe that in absence of any regulatory or policy-driven relief, the Indian telecom space may get
It was referring to Reliance Jio and Bharti Airtel as the two survivors, besides two state-run telcos.
Vodafone Plc on Tuesday said
price.
An assessment by Edelweiss Securities projected an adjusted net loss of Rs 4,411.10 crore for Vodafone Idea in Q2FY20
QoQ, due to 4.9 mn decline in subscriber base during the quarter
Edelweiss Securities said in a report.