Last updated: 01 Jul, 2021 | 02:44 pm
Loss widens: Vodafone Idea has reported a much higher than expected loss of Rs 7,022.8 crore, as absence of interconnection usage charge (IUC) and exceptional losses weigh on the bottom-line. Analysts had earlier anticipated a net loss of around Rs 3,854 crore.
Vodafone Idea's quarterly revenue declines: Revenue fell 11.8% on-quarter to Rs 9,607.6 crore. Analysts had pegged revenue at Rs 10,040.5 crore. From Jan 1 2021, the telecom regulator TRAI had phased out IUC, which used to be paid by a carrier for connecting calls of its subscribers to a rival network. Vodafone Idea used to earn a good share of their revenue from incoming calls from other networks. The Average revenue per user fell to a meagre Rs 107 from Rs 121 in the previous quarter. This is the lowest in the industry.
Subscriber base: Vodafone idea’s wireless subscriber base stood at 28.37 crore in March. It gained gross subscribers in February and March this year after a gap of 15 months, according to data from the telecom regulator (released last week). The company lost 5.4 lakh gross subscribers and 9 lakh active subscribers in the fourth quarter, compared to a loss of 1.12 crore gross users and 46 lakh active users in the previous quarter.
The road ahead for Vodafone Idea