Vodafone Idea narrows net loss in Q3 in comparison to Q2

Mumbai: Vodafone Idea’s net loss for the fiscal third quarter narrowed to Rs 6989 crore on the back of one-time exceptional gain as well as lower finance and operational costs, though the stressed telco continued to lose millions of subscribers to its rivals.

Operating income stood at an 11-quarter high, backed by a growth in its 4G user base for the 10th straight three-month period, with average revenue per user (ARPU) – a key operational metric – rising 2.1% sequentially to Rs145. Arpu was mainly helped by “change in entry level plan and subscriber upgrades”, Vi said in its earnings statement Monday.