Saturday, 23 February 2019

Vodafone Idea plans $3.5bn capital injection following $690m quarterly loss

By Chris Kelly, Total Telecom
Thursday 15 November 18

In its first set of quarterly reports, Vodafone Idea posted a challenging set of financials, blaming one-off costs incurred at the time of its creation

Vodafone Idea has posted a net loss of $690 million (49.7 billion rupees) in its first set of quarterly financial results, since its creation in August. The merger of Vodafone and Idea Cellular earlier this year created India's biggest telco, with the newly merged entity confirming it has 422 million subscribers across the country…

Vodafone Idea has posted a net loss of $690 million (49.7 billion rupees) in its first set of quarterly financial results, since its creation in August. The merger of Vodafone and Idea Cellular earlier this year created India's biggest telco, with the newly merged entity confirming it has 422 million subscribers across the country…

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