< Vodafone Idea Reports Worst Quarterly Revenue Since 2019 - BS - Asia Financial News

Type to search

Vodafone Idea Reports Worst Quarterly Revenue Since 2019 – BS

A man walks past an Idea telecom store in Mumbai. Photo: AFP

 

Debt-ridden Indian telecom operator Vodafone Idea posted its lowest quarterly revenue in more than two years on Saturday, the Business Standard reported.

The company, which is a joint venture between the UK’s Vodafone Group and India’s Idea Cellular, blamed Covid for the the slump in its revenues which fell to £1.23 billion from $1.44 billion a year earlier. Its subscriber base also slipped to 255.4 million from 279.8 million the year before. Full story: Business Standard

 

Sean OMeara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

logo

AF China Bond