Live
- They always want me to win, and now I feel lucky to have been offered a story like ‘Zebra’: Satyadev Kancharana
- ‘Democracy first, humanity first’: PM Modi in Guyana's parliament on two countries' similarities
- PKL Season 11: Telugu Titans register third straight win to top standings
- Is Pollution Contributing to Your COPD?
- NASA Unveils Underwater Robots for Exploring Jupiter's Moons
- Additional Central forces arrive in violence-hit Manipur
- AR Rahman and Saira Banu’s Divorce: Legal Insights into Common Issues in Bollywood Marriages
- 82.7 pc work completed in HPCL Rajasthan Refinery area: official
- Curfew relaxation extended in 5 Manipur districts on Friday
- Tab scam prompts Bengal govt to adopt caution over fund disbursement
Voda-Idea posts Rs 5,005 cr loss in Q3
Telecom operator VodafoneIdea on Wednesday reported a consolidated loss of Rs 5,0057 crore for the third quarter of 201819 The books of Vodafone Idea recorded comprehensive loss of Rs 1,2845 crore in the same quarter a year ago However, the yearonyear figure are not comparable as the merger between Vodafone and Idea completed on August 31, 2018
​New Delhi: Telecom operator Vodafone-Idea on Wednesday reported a consolidated loss of Rs 5,005.7 crore for the third quarter of 2018-19. The books of Vodafone Idea recorded comprehensive loss of Rs 1,284.5 crore in the same quarter a year ago. However, the year-on-year figure are not comparable as the merger between Vodafone and Idea completed on August 31, 2018.
The loss, however, widened on sequential quarter basis. Total income of Vodafone Idea stood at Rs 11,982.8 core during the reported quarter. The income increased by 52 per cent compared to Rs 7,878.6 crore in the previous July-September quarter.
"The initiatives taken during the quarter started showing encouraging trends by the end of the quarter. We are moving faster than expected on integration, specifically on the network front, and we are well on track to deliver our synergy targets," Vodafone Idea CEO Balesh Sharma said.
The books recorded total income of Rs 6,551.6 crore in the same quarter a year ago. "We remain focused on fortifying our position in key districts by expanding the coverage and capacity of our 4G network, and target a higher share of new 4G customers, while offering an enhanced network experience to our customers. The proceeds from the announced capital raise will put us in a strong position to achieve our strategic goals,” Sharma said.
