Vodafone Idea narrows loss to Rs 6,986 crore; Average revenue per user up at Rs 145

Vodafone Idea’s net loss for the October-December quarter narrowed to Rs 6,986 crore from Rs 8,738 crore in the preceding quarter. The narrowing of the losses was due to fall in total expenses as well as one-time gain of Rs 755.5 crore basis the recent Telecom Disputes Settlement and Appellate Tribunal’s (TDSAT) order, which asked the department of telecommunications (DoT) to adjust the amount towards its licence fee and spectrum usage charges.

A reduction in the finance cost, which includes interest and charges on borrowings; network expenses; licence fee and spectrum usage charges, depreciation, among other expenses, also helped in narrowing the losses.