Vodafone Idea Subscriber Base Falls to 320 Million, ARPU Now Stands at Rs 108

Vodafone Idea Limited has come up with its quarterly financial report for the first quarter of the FY20. The telecom operator has not only given an update on its financials with this report but has also updated the public with the progress of the network integration and how far it has gone in the country. Vodafone Idea revealed that in the first quarter, the revenue declined by 4.3% QoQ primarily due to the churn of customers who recharged with ‘service validity vouchers’ in Q4 as well as ARPU down-trading. The telecom operator also ensured of synergy realization on track with almost 70% of the synergy target achieved by Q1FY20.

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Vodafone Idea Revenue at Rs 112.7 Billion

Vodafone Idea in its FY20 Q1 report highlighted that down trading of high ARPU customers led to revenue of Rs. 112.7 billion, a QoQ decline of 4.3% compared to Rs. 117.8 billion in Q4FY19. EBITDA for the quarter increased to Rs. 36.5 billion versus Rs. 17.9 billion in Q4FY19 (Rs. 15.9 billion adjusted for one-offs), as the adoption of Ind AS 116 positively benefited EBITDA. Capex spend in Q1FY20 was Rs. 28.4 billion. Gross debt as at June 30, 2019, was Rs. 1,204.4 billion, including deferred spectrum payment obligations due to the Government of Rs. 891.8 billion but excluding lease liabilities. Cash & cash equivalents were Rs. 211.8 billion resulting in net debt of Rs. 992.6 billion (vs Rs. 1,183.9 billion in Q4FY19).

Vodafone Idea Still Losing Subscribers