Vodafone Idea Q1 loss widens to Rs 25,460 crore; AGR provisions, user losses hurt

Mumbai: Vodafone Idea widened its net loss sequentially to Rs25,460 crore for the fiscal first quarter, its eighth successive three-month period in the red, hurt by a one-time charge related to statutory dues and continued loss of subscribers–over 11 million. This pushed it to third place behind leader Reliance Jio Infocomm and Bharti Airtel.

The telco, which saw its average revenue per user (ARPU) drop nearly 6% on quarter compared with gains for its two rivals, warned of the continued threat to its viability, which is dependent on the period the Supreme Court allows it to pay thousands of crores in adjusted gross revenue (AGR) related dues and being able to renegotiate repayment terms with lenders.