Vodafone Idea Loses 35.1 Million Subscribers in Q3 FY19, Overall Customer Base Drops to 387.2 Million

Vodafone Idea Limited has now revealed its unaudited results for the quarter that ended on December 31, 2018. Similar to Bharti Airtel, Vodafone Idea also lost subscribers on a huge number during the quarter because of the introduction of minimum recharges starting at Rs 23. However, the telco’s 4G subscriber base saw an increase of 9.5 million to 75.3 million and it reported an overall consolidated loss of Rs 5,005.7 crore for the quarter. Recently, Vodafone Idea announced the integration of 25% radio network across eight service areas and the number would increase this quarter.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

Vodafone Idea,Vodafone Idea Minimum Recharge Plans,Vodafone Idea Subscriber Base,Vodafone Idea ARPU

Vodafone Idea Financial Highlights for Q3 FY19

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 is not comparable as the merger between Vodafone and Idea completed on August 31, 2018.

The loss, however, widened on a sequential quarter basis. Total income of Vodafone Idea stood at Rs 11,982.8 core during the reported quarter. The income increased by 52% 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.