Sunday, 23 September 2018

Vodafone widens 1H loss on India writedown

By Nick Wood, Total Telecom
Tuesday 15 November 16

U.K.-based telco takes €5 billion non-cash charge as competition from Reliance Jio bites.

Vodafone on Tuesday reported a wider first-half net loss compared to last year, after writing down the value of its Indian operation. The U.K.-based telco has become embroiled in a new price war in India, sparked by the launch of Reliance Jio Infocomm, which is offering free calls and cheap data until the end of the year. Vodafone is feeling the pinch…

Vodafone on Tuesday reported a wider first-half net loss compared to last year, after writing down the value of its Indian operation. The U.K.-based telco has become embroiled in a new price war in India, sparked by the launch of Reliance Jio Infocomm, which is offering free calls and cheap data until the end of the year. Vodafone is feeling the pinch…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry