Voda Idea lags Airtel, Jio in sequential revenue growth in Q4: Analysts

New Delhi, May 14 () India’s largest telecom firm Vodafone Idea, in spite of reducing its losses, lagged behind its peers in sequential income growth with flat revenue in the March quarter against 4.3 per cent growth of Airtel’s India mobile business and seven per cent growth of Jio, analysts have noted.
“…with Bharti reporting 4.3 per cent quarter-on-quarter increase in its India mobile revenues, flat revenues for Vodafone Idea indicates it continues to lose market share…while Vodafone Idea continues to cut costs and realise benefits from opex synergies, it also continues to lose revenue market share Vs Bharti as well as Jio,” Credit Suisse said in its latest report.

Jio is playing to be “India two player”, Ambit Capital said adding that this severely impacts the ability of Vodafone Idea to enjoy the upsides of its rural subscriber base upgrading to smartphones.