Telcos bleed: Vodafone Idea losses widen to Rs 5,005 crore in Q3

Vodafone Idea on Wednesday posted a massive consolidated net loss of Rs 5,005 crore during the October-December quarter, a tad lower than expected by analysts but still signifying the financial stress telecom operators are undergoing due to below-cost tariffs unleashed by Reliance Jio, which is leading to customers migrating to lower average realisation per user (Arpu) offerings. The company’s net loss during the quarter widened from