Vodafone Idea trims loss in subscriber base, lags in ARPU growth

Vodafone Idea (Vi) narrowed its net loss to Rs 4,532 crore in the December quarter (Q3), thanks to gains from the sale of its Indus Towers stake. In Q3FY20, the operator had posted a net loss of Rs 6,438 crore.

Not only did the firm see an erosion in its subscriber base, it also lagged peers in parameters like average revenue per user (ARPU).

Vi had lost 8 million subscribers in Q2, and was able to arrest the fall in subscribers in Q3. At the end of third quarter, Vi’s subscriber base stood at 269.8 million, a sequential decline of 2 million.