Vodafone India Reports Revenue Drop of 23.1% During Q3, Blames Aggressive Tariffs and IUC Cut
Vodafone India today reported a service revenue drop of 23.1% which dubs to Rs 8110 crore for the quarter ended on December 31, 2017, as compared to the same period in 2016. In the global results announcements, Vodafone said that the reduction in IUC (Interconnection Usage Charges) and the intense price competition is to be blamed for the service revenue loss. Vodafone saw a dip of close to 6% QoQ.... Read More