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Vodafone Idea posts 10th quarterly loss amid fierce competition

The company’s losses narrowed to 45.3 billion rupees ($623 million) for the quarter through December, compared with a 64.4 billion-rupee loss in the same period a year earlier.

Vodafone Idea’s shares rose almost 12% in the December quarter and has further advanced about 17% this year, outperforming the benchmark S&P BSE Sensex. Vodafone Idea’s shares rose almost 12% in the December quarter and has further advanced about 17% this year, outperforming the benchmark S&P BSE Sensex.
Vodafone Idea’s shares rose almost 12% in the December quarter and has further advanced about 17% this year, outperforming the benchmark S&P BSE Sensex. (MINT_PRINT)

Vodafone Idea Ltd., India’s No. 3 wireless phone operator, posted a 10th straight quarterly loss, hurt by the absence of tariff hikes and intense competition in the sector.

The company’s losses narrowed to 45.3 billion rupees ($623 million) for the quarter through December, compared with a 64.4 billion-rupee loss in the same period a year earlier, the company said in an exchange filing Saturday. An average of analyst estimates forecast a loss of 58.8 billion rupees. Revenue fell 1.6% to 108.9 billion rupees.

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