Vodafone Idea reduces loss to Rs 7,176 crore in July-Sept quarter
Vodafone Idea has reduced its losses to Rs 7,176 crore in the July-September quarter of the current financial year from Rs 8,738 crore in the same quarter last year.
Vodafone Idea has reduced its losses to Rs 7,176 crore in the July-September quarter of the current financial year from Rs 8,738 crore in the same quarter last year.
US-based GQG Partners has been allocated the highest number of shares, worth Rs 1,345 crore, while Fidelity Investments has invested about Rs 772 crore in Vodafone Idea's FPO.
Vodafone Idea owes an estimated Rs 6,800 crore to mobile tower giant Indus Towers and also Rs 2,400 crore to ATC.
At the recently held 5G spectrum auction for 5G services by the Department of Telecom, Airtel acquired 19867.8 MHZ range in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequencies.
In a statement, the company said that it continues to invest in 4G to increase its coverage and capacity.
Abhijit Kishore, chief enterprise business officer, Vi Business, said on Thursday that the company will also look at offering cloud services.
It also said that deduction has not been given for PSTN related call charges and for roaming charges actually paid to other operators.
However, as per telco’s self-assessment, its total dues to the government stand at Rs 13,004 crore. The telco has already paid Rs 18,004 crore.
Vi said that it will continue to provide 2G services in Mumbai.
Reliance Jio in the letter said that Airtel and Vodafone Idea ‘"remain unabated in pursuing this vicious and divisive campaign through its employees, agents and retailers.’
