Vodafone Idea Q3 net loss narrows to ₹4,532 crore; Arpu up at ₹121

Vodafone Idea Ltd (Vi) reported a net loss of ₹4,532 crore for the December quarter, lower than the ₹6,439 crore in the year-ago, driven by higher 4G wireless customer additions, improved service quality and cost optimization, the company said on Saturday. India’s third largest telecom operator by market share had posted a net loss of ₹7,218 crore in the September quarter.

The board has also approved fundraising of up to ₹25,000 crore in debt and equity, Vi said in a statement. The company is currently in “active discussions with potential investors”, it added.

Vi reported revenue of ₹10,891 crore in October-December, down from ₹11,089 crore in the year-ago. However, sequentially, it clocked a marginal 1% improvement in revenue from ₹10,791 crore, due to higher average revenue per user (Arpu).