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Vodafone Idea narrows loss to ₹4,532 crore in Oct-Dec

Income from operations declined by 1.7% to 10,894 crore through the reported quarter from 11,089.Four crore in the identical quarter a yr in the past.

PTI

PUBLISHED ON FEB 13, 2021 06:57 PM IST

Debt-ridden Vodafone Concept on Saturday reported narrowing of its consolidated loss to 4,532.1 crore within the third quarter ended on December 31, 2020.

The corporate had posted a lack of 6,438.eight crore in the identical quarter a yr in the past.

“Within the third quarter of economic yr 2021, we improved subscriber retention and working efficiency, supported by Vi GIGAnet. We stay targeted on executing our technique, and our value optimization plan stays on monitor to ship the focused financial savings,” Vodafone Concept MD and CEO Ravinder Takkar stated in a press release.

Income from operations declined by 1.7 to 10,894 crore through the reported quarter from 11,089.Four crore in the identical quarter a yr in the past.

“The Board has permitted fund elevating to assist our strategic intent and we’re in energetic discussions with potential buyers,” Takkar stated. The corporate has proposed to lift as much as 25,000 crore.

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